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Pension Plans (Tables) | 12 Months Ended
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Dec. 31, 2023
Pension Plans [Abstract] |
Schedule of Significant Actuarial Hypotheses Assumptions | Actuarial assumptions with respect to demographic and financial variables are non-biased and mutually compatible with each other. The most significant actuarial hypotheses considered in the calculations were:
|  | Post-employment plans |  | Post-employment plans
|  | 2023 |  | 2022
Mortality chart |  |  | RV-2014 |  |  |  | RV-2014 |
Termination of contract rates |  |  | 5,0% |  |  |  | 5,0% |
Impairment chart |  |  | PDT 1985 |  |  |  | PDT 1985 |
Schedule of Post-Employment Benefits | Activity for post-employment benefits is as follows:
|  | As of December 31,
|  | 2023 |  | 2022
|  | MCh$ |  | MCh$
Plan assets |  |  | 5,260 |  |  |  | 6,819 |
Commitments for defined-benefit plans |  |  |  |  |  |  |  |
For active personnel |  |  | (5,027 | ) |  |  | (6,277 | )
Incurred by inactive personnel |  |  | - |  |  |  | - |
Minus: |  |  |  |  |  |  |  |
Unrealized actuarial (gain) losses |  |  | - |  |  |  | - |
Balances at year end |  |  | 233 |  |  |  | 542 |
Schedule of Cash Flow for Post-Employment Benefits | Year’s cash flow for post-employment benefits is as follows:
|  | For the years ended December 31,
|  | 2023 |  | 2022 |  | 2021
|  | MCh$ |  | MCh$ |  | MCh$
a) Fair value of plan assets |  |  |  |  |  |
Opening balance |  |  | 6,819 |  |  |  | 7,127 |  |  |  | 8,224 |
Expected yield of insurance contracts |  |  | 539 |  |  |  | 211 |  |  |  | 640 |
Employer contributions |  |  | 1,269 |  |  |  | 337 |  |  |  | 995 |
Actuarial (gain) losses |  |  | - |  |  |  | - |  |  |  | - |
Premiums paid |  |  | - |  |  |  | - |  |  |  | - |
Benefits paid |  |  | (3,367 | ) |  |  | (856 | ) |  |  | (2,659 | )
Fair value of plan assets at year end |  |  | 5,260 |  |  |  | 6,819 |  |  |  | 7,200 |
b) Present value of obligations |  |  |  |  |  |  |  |  |  |  |  |
Present value of obligations opening balance |  |  | (6,277 | ) |  |  | (6,633 | ) |  |  | (7,551 | )
Net incorporation of Group companies |  |  | - |  |  |  | - |  |  |  | - |
Service cost |  |  | 1,250 |  |  |  | 356 |  |  |  | 873 |
Interest cost |  |  | - |  |  |  | - |  |  |  | - |
Curtailment/settlement effect |  |  | - |  |  |  | - |  |  |  | - |
Benefits paid |  |  | - |  |  |  | - |  |  |  | - |
Past service cost |  |  | - |  |  |  | - |  |  |  | - |
Actuarial (gain) losses |  |  | - |  |  |  | - |  |  |  | - |
Other |  |  | - |  |  |  | - |  |  |  | - |
Present value of obligations at year end |  |  | (5,027 | ) |  |  | (6,277 | ) |  |  | (6,678 | )
Net balance at year end |  |  | 233 |  |  |  | 542 |  |  |  | 523 |
Schedule of Plan Expected Profit | Plan expected profit:
|  | As of December 31,
|  | 2023 | 2022 | 2021
Type of expected yield from the plan’s assets |  | UF + 2.50% annually | UF + 2.50% annually | UF + 2.50% annually
Type of yield expected from the reimbursement rights |  | UF + 2.50% annually | UF + 2.50% annually | UF + 2.50% annually
Schedule of Plan Associated Expenses | Plan associated expenses:
|  | For the years ended December 31,
|  | 2023 |  | 2021 |  | 2020
|  | MCh$ |  | MCh$ |  | MCh$
Current period service expenses |  |  | 1,250 |  |  |  | 356 |  |  |  | (873 | )
Interest cost |  |  | - |  |  |  | - |  |  |  | - |
Expected yield from plan’s assets |  |  | 539 |  |  |  | 211 |  |  |  | (640 | )
Expected yield of insurance contracts linked to the Plan: |  |  | - |  |  |  | - |  |  |  |  |
Extraordinary allocations |  |  | - |  |  |  | - |  |  |  | - |
Actuarial (gain)/ losses recorded in the period |  |  | - |  |  |  | - |  |  |  | - |
Past service cost |  |  | - |  |  |  | - |  |  |  | - |
Other |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  | 1,789 |  |  |  | 567 |  |  |  | (1,513 | )

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