Al Ansari Exchange Introduces Cash Payout Service for ILOE Claims in Collaboration with the Insurance Pool
This initiative aligns with Al Ansari Exchange's strategy to expand its portfolio of accessible and inclusive financial services, aiming to provide integrated solutions for insured individuals under the ILOE scheme supervised by the Ministry of Human Resources and Emiratisation, which offers eligible insured individuals cash compensation for a limited period in the event of unemployment.
'Providing accessible financial solutions to individuals across all segments of society is at the heart of our mission,' said Ali Al Najjar, Chief Operating Officer of Al Ansari Exchange. 'This new cash payout service for ILOE claims ensures that beneficiaries receive timely support when they need it most, with the added convenience of our nationwide network.'
As one of the channels for premium collections under the ILOE scheme managed by ILOE Insurance Pool, Al Ansari Exchange now extends its services to allow customers to conveniently collect their claims payout in cash at any of its branches across the UAE.
'This service will provide an important additional channel for paying ILOE's claims, thus facilitating access to compensation for subscribers,' said Abdellatif Abuqurah, Chairman of ILOE's Insurance Pool. 'This reflects the ILOE's Insurance Pool commitment to providing the highest quality standards for services in line with the government's directives.'
The insured individuals must submit their claims within 30 days from the date of unemployment through the ILOE Scheme website at www.iloe.ae, the ILOE mobile application, or by calling the dedicated ILOE call centre at 600599555. Customers can also check the status of their claims through these channels to complete the process of receiving their compensation upon approval.
This new service underscores Al Ansari Exchange's role in supporting the financial well-being of the workforce in the UAE, reinforcing its mission to deliver customer-centric solutions that respond to evolving community needs.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Today
a day ago
- Gulf Today
UAE announces closure of 77 social media accounts for violations
The Ministry of Human Resources and Emiratisation (MoHRE), in collaboration with the Telecommunications and Digital Government Regulatory Authority (TDRA), announced the closure of 77 social media accounts for violations during the first half of this year. This action was taken after MoHRE investigated these accounts, which were found to be unofficial and operating without a licence from the Ministry to carry out domestic worker recruitment activities, constituting a clear legal violation. MoHRE urges employers as well as both Emirati and resident families to only engage with licensed and approved domestic worker recruitment agencies when looking to hire this category of workers, and avoid dealing with social media accounts and pages that promote the recruitment of illegal domestic workers. Picture used for illustrative purpose only. File / WAM In a press statement, the Ministry clarified that dealing with unlicensed domestic worker recruitment agencies and unreliable social media pages promoting domestic worker services could lead to customers losing their legal rights, which are guaranteed when they exclusively deal with Ministry-licensed and approved agencies. The Ministry encourages customers to contact their call centre at 600590000 to verify the reliability of any entities promoting domestic workers through social media. A list of licensed agencies across the UAE, including their names and locations, is available on the Ministry's website: .
Filipino Times
2 days ago
- Filipino Times
UAE shuts down 77 social media accounts for illegal domestic worker recruitment
The UAE government has shut down 77 social media accounts that were illegally offering domestic worker recruitment services. During an investigation, the Ministry of Human Resources and Emiratisation (MoHRE) found that these pages were not approved or licensed to recruit housemaids or other domestic workers. The move was carried out in cooperation with the Telecommunications and Digital Government Regulatory Authority during the first half of this year. 'We urge employers and both Emirati and resident families to deal only with approved and licensed domestic worker recruitment offices accredited by the Ministry,' MoHRE said in a statement. The Ministry also warned the public against dealing with unlicensed recruiters online, as this may lead to legal risks. 'Avoid interacting with social media pages and accounts that promote unlicensed domestic worker recruitment, in order to protect your legal rights, which are ensured when dealing exclusively with offices licensed by the Ministry,' MoHRE added. MoHRE then encouraged the public to check the official list of approved recruitment offices in the UAE, available at
Gulf Today
3 days ago
- Gulf Today
Private sector given two months to appoint replacement when Emirati's service is terminated
The Ministry of Human Resources and Emiratisation (MoHRE) has affirmed that if a private sector establishment terminates the service of an Emirati for reasons such as violations or absences, it will be given a two-month grace period to appoint a replacement and the contribution will be calculated in the event of a delay. If an Emirati is appointed at the beginning of the year but has not completed the year, the establishment will be given a two-month grace period to appoint a replacement upon the commencement of the applied contribution in order to meet the prescribed percentage, it added, noting that the contribution would be calculated in the event of a delay. Emiratisation rates are calculated based on the work permits of Emiratis registered in the MoHRE's approved systems according to four conditions: 1) The Emirati must have a valid work permit. 2) His wages must be paid through the Wage Protection System or any other system approved by a UAE competent authority. 3) He must be registered with the approved pension funds. 4) He and the establishment must have a contractual relationship that meets all the terms and conditions in accordance with the Labour Relations Regulation Law and its executive regulations and decisions. The MoHRE stated that employers and establishments can obtain details of the decision on the employment of two per cent of national cadres and download the decision through the MoHRE's website ( marketing brochures on the MoHRE's social media account or contact its call centre on 600590000. The representatives of establishments can also attend workshops that are organised regularly to explain the latest developments of the decision and its implementation mechanism. Economic activities and establishments are studied in terms of job types, work environment, geographical location, nature of economic growth, and Emiratisation priorities. The targeted activities for Emiratisation rates in the first edition included information and communications; financial activities; insurance activities; real estate activities; professional, scientific and technical activities; administrative services activities; support services; education; human health activities, social work; arts and entertainment; mining and quarrying; manufacturing industries; construction; wholesale and retail trade; transportation and storage; and accommodation and hospitality services, among others. The activities are updated regularly according to the Emiratisation priorities in the private sector.
