The Social Security Institute (IPS) introduces several benefits aimed at improving the quality of life of citizens chileans, one of the most notable is the child bonus. This subsidy of $330,000 per month is aimed mainly at older adult mothers and retirees.
The main objective of Bond Son is to increase the official income of older people in Chile through financial support that allows them to cover their basic needs and improve the quality of life in retirement. This bonus is awarded to family members who meet certain requirements. Those with two dependents who qualify for the benefit can receive the full amount of $330,000 per month.
The amount of bond Individual may vary depending on the year of birth of the child. If the child was born before July 1, 2009, the minimum income applicable in July 2009 will apply. However, if the child was born after this date, the minimum income applicable on the date of his or her birth will apply.
An important feature of the child benefit is its heritability, if certain conditions are met. For example, if the beneficiary is 65 years old when he dies, the grant forms part of his estate. However, if the beneficiary is under 65 years of age and is affiliated with the AFP or began to receive the supplement after receiving the universal guarantee pension, the bond will not be inherited.
Ultimately, the Bond Son IPS provides important financial support to older mothers and pensioners in Chile and can be collected under certain conditions.
