Latest news with #AlAnsariExchange
Mid East Info
2 hours ago
- Business
- Mid East Info
Al Ansari Exchange Introduces Cash Payout Service for ILOE Claims in Collaboration with the Insurance Pool - Middle East Business News and Information
Al Ansari Exchange, the UAE's leading remittance and foreign exchange company, has introduced a new cash payout service for Involuntary Loss of Employment (ILOE) insurance claims in partnership with the ILOE's Insurance Pool PSC. The service is now available across more than 270 Al Ansari Exchange branches nationwide. 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 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.
Zawya
7 hours ago
- Business
- Zawya
Al Ansari Exchange introduces cash payout service for ILOE claims
Dubai, UAE – Al Ansari Exchange, the UAE's leading remittance and foreign exchange company, has introduced a new cash payout service for Involuntary Loss of Employment (ILOE) insurance claims in partnership with the ILOE's Insurance Pool PSC. The service is now available across more than 270 Al Ansari Exchange branches nationwide. 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 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. -Ends-
Web Release
8 hours ago
- Business
- Web Release
Al Ansari Exchange Introduces Cash Payout Service for ILOE Claims in Collaboration with the Insurance Pool
Al Ansari Exchange, the UAE's leading remittance and foreign exchange company, has introduced a new cash payout service for Involuntary Loss of Employment (ILOE) insurance claims in partnership with the ILOE's Insurance Pool PSC. The service is now available across more than 270 Al Ansari Exchange branches nationwide. 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 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.
Arabian Business
9 hours ago
- Business
- Arabian Business
UAE workers can now collect unemployment benefits at Al Ansari Exchange outlets
Al Ansari Exchange has launched a cash payout service for Involuntary Loss of Employment (ILOE) insurance claims in partnership with ILOE's Insurance Pool PSC. The service operates across more than 270 Al Ansari Exchange branches nationwide. The initiative forms part of Al Ansari Exchange's strategy to expand its portfolio of financial services, providing solutions for insured individuals under the ILOE scheme. ILOE insurance claims now available at 270+ Al Ansari Exchange branches across UAE The Ministry of Human Resources and Emiratisation (MoHRE) supervises the scheme, which offers cash compensation to eligible insured individuals for a period following unemployment. 'Providing accessible financial solutions to individuals across all segments of society is at the heart of our mission. 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,' Ali Al Najjar, Chief Operating Officer of Al Ansari Exchange said. Al Ansari Exchange previously served as one of the channels for premium collections under the ILOE scheme managed by ILOE Insurance Pool. The company now extends its services to allow customers to 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. This reflects the ILOE's Insurance Pool commitment to providing the highest quality standards for services in line with the government's directives,' Abdellatif Abuqurah, Chairman of ILOE's Insurance Pool added. Insured individuals must submit their claims within 30 days from the date of unemployment through the ILOE Scheme website, the ILOE mobile application, or by calling the ILOE call centre at 600599555. Customers can check the status of their claims through these channels to complete the process of receiving their compensation upon approval. The service supports the financial well-being of the workforce in the UAE, reinforcing Al Ansari Exchange's mission to deliver customer-centric solutions that respond to community needs.
Khaleej Times
2 days ago
- Business
- Khaleej Times
UAE: Al Ansari Exchange offers customers up to Dh60 cashback after remittance delay
Al Ansari Exchange customers impacted by the recent remittance delays have received cashback vouchers ranging from Dh20 to Dh60 that can be used in their next transaction, the company confirmed to Khaleej Times on Friday, with assurances that enhanced safeguards have been implemented to avoid recurrence of the incident. The issue started on July 5, when customers who sent remittances had to wait for days to clear their transactions. It happened on a busy weekend, when many expats — after getting their monthly salary — sent money back home earmarked for household expenses, education, rent, medical bills, and other expenditures. Al Ansari Exchange, touted as the UAE's largest remittance and foreign exchange company, had apologised to their customers and noted a technical glitch caused the delay. Last week, Al Ansari Exchange confirmed to Khaleej Times that the remittance delays experienced on July 5, 'have been fully resolved and all other services remained unaffected by the technical issue.' In yet another statement on Friday, July 18, Al Ansari Exchange said: 'We have thoroughly investigated the incident and have since implemented enhanced safeguards to prevent recurrence. (We) remain steadfast in (our) commitment to operational excellence, customer satisfaction, and the highest standards of security and reliability.' 'As a gesture of goodwill and in appreciation of our customers' patience and understanding, we have extended cashback vouchers ranging from Dh20 to Dh60. These amounts were determined based on the value of the transaction fees and the length of the delay. The vouchers are redeemable on customers' next remittance transaction,' the company added. Al Ansari Exchange, a subsidiary of listed company Al Ansari Financial Services PJSC, again acknowledged the inconvenience experienced by their customers and 'affirmed that immediate and comprehensive remedial actions were taken.' 'We sincerely thank our customers for their continued trust and loyalty,' the company added.
