What if my child is residing in an institution?
If your child resides in an institution, then 2/3 of their child benefit will be paid to the institution or the Agency responsible for the placement. The remaining 1/3rd of their child benefit can be paid to the beneficiary(ies), a specific individual or an escrow account in the child's name. This is determined according to the child’s individual situation. Your KidsLife adviser will perform the necessary in your file, based on the information received from the institution or agency responsible for the placement.
Do you have any questions related to Child Benefit for children residing in an institution? Please contact your KidsLife adviser