Bonus of $889,000: who can receive this financial aid from the IPS in Chile
In Chile, when a person dies, the State offers financial aid through the Social Security Institute (IPS) to cover funeral expenses. This benefit, known as Death Allowance, grants a total amount of $889,533. This support is intended to ease the financial burden on families during a difficult time.
To be eligible for this bond, it is essential that the deceased person has been pensioned under the old pension system, that is, is a beneficiary of the Solidarity Pillar or the Universal Guaranteed Pension (PGU). This measure ensures that the most vulnerable groups can receive the support necessary to face the costs associated with a funeral.
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