Everything You Need to Know About Renewing ILOE Insurance

How To Renew ILOE Insurance

ILOE is the type of insurance that is helpful for those people who lost their jobs without any fault in the UAE. Furthermore, this insurance allows you to manage your expenses when you do not have a job. Whether you are willing to pay your home rent or utility bills, ILOE insurance provides you with peace and reliability. Moreover, it is a useful thing for those people who heavily rely on their salary in this vibrant country. The ILOE has set some policies on the duration and renewal process which is vital to use it. In this detailed blog, we will discuss how to renew ILOE Insurance to use it again.

What is ILOE Insurance? 

When you lose your job, you can also lose your regular income, at that time ILOE insurance provides you comfort. Moreover, it offers you a portion of your income. It is useful to manage expenses like utility bills and groceries until you find a new job or regular income source. It is vital for you to pay a monthly premium if you purchase ILOE insurance. For a period of around 3 to 6 months, it is the responsibility of the insurance company to pay you a percentage of your salary.

Methods to Renew ILOE Insurance

As we discussed above ILOE Insurance is useful for people who lost their jobs without any fault. Moreover, renewing it is a simple and reliable process. Below are the different methods that allow you to renew ILOE Insurance in the UAE:

Online Renewal through the ILOE Portal

In the UAE, the most comfortable and most reliable way to renew your ILOE Insurance is their official online portal. 

Visit the Official ILOE Portal: Firstly for the renewal process, you have to visit the ILOE portal provided by the UAE government.

Log In or Register: Then you have to log in by using your Emirates ID or email. If someone is renewing for the first time then it is vital for him to register by providing his details.

Find Policy Details: After completing the login process, you have to find the section where your ILOE insurance policy displays. Moreover, here you can see the expiry date of the insurance and your current coverage. 

Update Information: Now the system will ask you to update your information like salary and contact information. 

Select Payment Method: After that, you have to choose a payment plan and complete the payment process by using your debit or credit card. 

Confirm and Pay: At last, when your payment is processed, you will receive a confirmation SMS. Moreover, your ILOE Insurance is renewed and you are able to use it again.

ILOE Mobile App Renewal

If you are willing to renew your ILOE Insurance then their mobile app is also a good option in the UAE. 

Download the App: You can simply download the ILOE mobile app from the Apple App Store or Google Play Store to renew your insurance. 

Log In or Register: If you already have an account then log in with your credentials or Emirates ID. Moreover, if you are renewing for the first time then you must create your own account.

Review Policy Information: After completing the login process, you have to find the  “My Policies” section. Here you can see your policy details and the renewal option. 

Update Information: Now you have to ensure that your employment status and salary information are up-to-date.

Select Payment Option: After that, you have to choose a payment plan whether it is monthly or annual.

Make the Payment: After completing the process, it is time to make a payment, you can make it by your debit or credit card. 

Receive Confirm: At last, when your payment is processed, you will receive a notification confirming. Moreover, your ILOE Insurance is renewed and you are able to use it again.