Question

The provisions as outlined in the RAF/RABS

Answer 1

Answer:

Observing recent events, It can be said that RAF which is Road Accident Funds is financially difficult for some times. On the other hand, Road Accident Benefit Scheme (RABS) may be better than RAF. So, we need to know the provisions as outlined for RABS which can be elaborated below:

Explanation:

1. Payments for losses will be paid monthly (approximately R 3500 per month).
2. If the injured party recovered, or if the person has workability and if the age reaches to 60 years, at least 15 years the amount should be paid.
3. The students are considered unemployed regardless of the second point, will be capped at the national average.
4. Minors (below the age 18 years) will also be capped at the national average.

Answer 2

RAF stands for "Road Accident Finds". The further explanation is given below.

Explanation:

Observing contemporary incidents, it should be said that the RAF, which would be the Road Accident Funds, has been fundamentally challenging for a certain time.

We, therefore, need to understand exactly the regulations as highlighted for RABS, which could be explained elsewhere here:

• Transactions besides failures shall be made monthly.
• Unless the aggrieved party had already managed to recover, or whether the individual has durability, and even if the era is sixty years, the percentage must be compensated for at with at 15 years.
• Adolescents (under eighteen years of age) would also be sealed mostly on the national median.

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