Is it possible to withdraw money in case of the death of the child?


The parents of a deceased child for which child allowances were paid, are entitled to a payment extension of the child allowance in the month of the death and for 3 additional months. During that period, the National Insurance Institute will carry on depositing money to the savings plan. After 3 months, the child allowance will be discontinued, along with the monthly deposits to savings plan, and the parents will be allowed to withdraw the savings money.

Withdrawal is carried out before the provident fund or bank managing the savings.