Critically discuss the success and failure of road accidents fund initiatives
Answers
Not all victims of road accidents get an accidental remuneration through insurance or through the community. In continuation to the above question the Road Accident Fund Initiative was devised in South Africa and is a compulsory canopy for citizens of South African Road Transport Systems. The Road Accident Fund (RAF) is primarily meant for citizens and foreigners including non residents who sustain from an accident or meet death through motor cycle accidents. The protection that comes in the form of a financial cover carries lump sum money and most claimants do not know on this. Most often not all people are literate and hence cannot take it as a means to sustenance. Though the initiative is more than good a lot gets into arguments which impedes the benefactor’s claims.