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July 25, 2024
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$889,000 Bonus: Who can receive this IPS subsidy with only 3 requirements

$889,000 Bonus: Who can receive this IPS subsidy with only 3 requirements

The Social Security Institute (IPS) has implemented a series of economic aids aimed at supporting those who need it most. Among these aids, the following stands out: bond of the Death Allowance, a benefit that grants an amount of $889,533 to the relatives of an IPS beneficiary who has died.

Requirements

In order to access this bondthree specific requirements must be met. First, the person requesting the benefit must be the person in charge of the funeral expenses. This person may be a relative of the deceased or the funeral company in charge of the service. Second, the deceased must not be affiliated with the system of Decree Law (DL) No. 3,500 on the date of his death. Finally, the deceased must be in one of the specific conditions established by the IPS.



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