Yes, to receive the Baby Bonus in Singapore, parents need to apply for the scheme. The Baby Bonus Scheme provides financial assistance and support to eligible parents to help with the costs of raising children.
The application process involves:
- Submission of Application: Parents need to submit an application through the Baby Bonus Online portal after the child’s birth. This includes providing necessary details and documents such as the child’s birth certificate, parents’ identification, and other relevant information.
- Selection of Scheme Components: During the application, parents can choose the components they wish to receive under the Baby Bonus Scheme, such as cash gifts, the Child Development Account (CDA), and the Medisave Grant for Newborns.
- Approval and Notification: After the application is processed, and if eligibility criteria are met, parents will receive notification regarding the approval of their Baby Bonus benefits.
Applying for the Baby Bonus Scheme is essential to start receiving the financial benefits and support provided under the scheme. It’s important to ensure that the application is completed accurately and that all required documents are submitted to facilitate a smooth processing and approval of the Baby Bonus benefits.