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7/21/25, 9:16 AM Al Ansari Exchange Introduces Cash Payout Service for ILOE Claims in Collaboration with the Insurance Pool - Middle East News 2…

Al Ansari Exchange Introduces Cash Payout Service for ILOE

Claims in Collaboration with the Insurance Pool

By PR News Desk 20/07/2025

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.

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