Question

Pros and cons of road accident fund

Answer 1

Explanation:

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RAF is responsible for providing appropriate cover to all road users within the borders of South Africa; rehabilitating and compensating persons injured as a result of motor vehicles in a timely and caring manner; and actively promoting the safe use of all South African roads. The Road Accident Fund Act stipulates that ‘the object of the Fund shall be the payment of compensation in accordance with this Act for loss or damage wrongfully caused by the driving of a motor vehicle. The client base of RAF comprises not only of the South African public, but all foreigners within the border of the country. They provide two types of cover: Personal insurance cover to accident victims or their families, and Indemnity Cover to wrongdoers.

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Answer 2

Pros and Cons of Road Accident Fund are given as follows:

Pros:  

This fund gives immediate proper treatment and medication to the road accident victims irrespective of their possessions. That means the rich and the poor have the same kind of monetary possessions.

Cons:  

This shall make people extremely careless while driving because they know that now all their expense shall be already fulfilled by the fund so they are free to meet any accident without spending money as their medical expense.