Public and private sector workers in the UAE now have a new platform to subscribe to the Ministry of Human Resources and Emiratisation (MoHRE) mandated Involuntary Loss of Employment (ILOE) insurance scheme.
Employees who have not yet registered for the scheme can now use the Botim app to subscribe to it.
Astra Tech, the leading consumer technology holding group in the MENA region, announced a strategic partnership with Dubai Insurance Company to offer the ILOE on Botim. The partnership means that the Botim app becomes the first multi-service fintech platform to integrate the government-mandated insurance initiative, directly within its all-encompassing ecosystem, noted the company’s release.
Abdallah Abu Sheikh, founder of Astra Tech and CEO of Botim, said,
“The launch of the crucial ILOE government service within our Botim ecosystem is a natural progression aligned with our strategic partnership approach. Remaining true to our mission of simplifying users’ daily lives, this move brings us closer to establishing a comprehensive ecosystem that fosters harmonious synergy among the government, public, and private sectors—perfectly mirroring the UAE’s national agenda.”
Steps to register using Botim:
The initiative which is now live on Botim allows users to subscribe to the scheme in three simple steps:
- Visit the Explore Page on the Botim app and click on the ILOE Insurance toggle to access the registration page.
- Insert Emirates ID number and email address which automatically selects the relevant category based on your employment information
- Move on to the payment gateway to complete registration successfully.
Abdellatif Abuqurah, CEO of Dubai Insurance, said,
"We are happy to have Botim joining the Involuntary Loss of Employment Subscription channels being one of the top fintech apps in the UAE. This will allow the workforce in UAE to have access to a multifunctional app that provides all the needed services that a person would need daily and to be able to subscribe to the mandatory insurance scheme, the Involuntary Loss Of Employment (ILOE) in a seamless user experience.”
Those employed in the UAE now have until October 1 to register for the scheme. Employees working in the private sector, federal government departments and free zones are mandated by the MoHRE to subscribe to the unemployment insurance scheme before October 1, failing which fines will be applied for non-subscription.
News Source: Gulf Business