Want to know if the new UAE insurance scheme also applies to expats? UAE expatriates and citizens alike are eligible for insurance. This is a new scheme aimed at protecting employees from the risk of job loss. The Minister of Human Resources and Emirati Affairs, Dr. Mohd. Abdul Rahman Al Awar confirmed.
The scheme is applicable to all private and public sector nationals.
The goal is to ensure stability in the workplace. The scheme will come into effect from the beginning of 2023. The new project is part of a series of comprehensive reforms in the UAE aimed at attracting, retaining and ensuring job security.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, recently announced a plan to protect employees from job losses. The scheme will pay a fixed amount for a limited period to the insured person who suddenly loses his job. The law aims to increase Emirati competitiveness in the labor market and to ‘attract the best international talent to the UAE.