Page 58 - AAE PR REPORT - JULY 2025_Neat

7/21/25, 9:16 AM Al Ansari Exchange Introduces Cash Payout Service for ILOE Claims in Collaboration with the Insurance Pool | Web Release

HomeBusiness and Economics

BUSINESS AND ECONO…
Al Ansari Exchange Introduces Cash Payout Service For ILOE Claims In

Collaboration With The Insurance Pool

By Editor_wr On Jul 20, 2025

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 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.

https://web-release.com/al-ansari-exchange-introduces-cash-payout-service-for-iloe-claims-in-collaboration-with-the-insurance-pool/ 1/2