If politicians have their way, the Road Accident Fund will soon be replaced by a controversial new system called the Road Accident Fund Benefit Scheme.
It’s claimed that road accident victims will be able to receive more benefits through this scheme than the previous fund because it will ensure that any benefits paid out will be more skewed towards the victim than sharing them amongst the lawyers and attorneys who are currently paid to help victims with their claim applications.
Some of the major proposed changes include:
Legal experts are warning that the scheme’s implementation will see fuel levies rise by an estimated 75% and result in reduced compensation being paid out to road accident victims and their dependents.
On the other hand, it’s expected that the new scheme will facilitate the settlement of claims due to the replacement of lawyers and attorneys with an administrator. Injured persons should also have immediate access to health care, and depending on how efficiently the administration process is managed, benefits can be expected to be paid much sooner than RAF claims. RAF claims can currently take up to seven years to settle.
* This article is provided for informational purposes only and should not be construed as legal or financial advice.