The Social Security Institute (IPS) in Chile offers the “Child Bonus”, an economic benefit intended for women pensioners, granted for each biological or adopted child born alive. This bonus is not delivered at any stage of life, but is added to the beneficiary’s pension.
He bond generates profitability from the birth of the child, calculated as 10% of 18 minimum monthly income. If the child was born before July 1, 2009, the minimum income for that date ($165 thousand) applies. If born later, the minimum income in effect at the time of birth is used. For example, for a 40-year-old woman with a child born before July 1, 2009, the bonus can reach approximately $1,054,751 at age 65.
The requirements to access the Child Bonus include being 65 years old or older, having resided in Chile continuously or discontinuously for at least 20 years after the age of 20, and having lived in the country for at least four of the last five years before to apply for the benefit. In addition, the woman must be affiliated with an AFP and have obtained her pension as of July 1, 2009, be a holder of the Universal Guaranteed Pension (PGU), and not be affiliated with a pension scheme while receiving a Survivor Pension.
Women who meet these requirements They can request the Child Bonus at an IPS office, through their AFP or insurance company. If you are not affiliated with an AFP, you must join one and request the bonus that way. This benefit is designed to complement women’s pensions, providing additional financial support for biological or adopted children.
The process to request the Child Bonus It is relatively simple. Once the beneficiary reaches 65 years of age, she can go to an IPS office or apply through her AFP or insurance company. It is important to ensure that all requirements are met to maximize the chances of receiving this financial benefit.
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