How long does Road Accident Fund second payment take?

How long does Road Accident Fund second payment take?

 

How long does RAF second payment take?

 

There likely isn’t a concept of a specific “second payment” from the RAF in South Africa. The RAF settlement process typically involves one lump sum payment after the claim is finalized.

 

 

Here’s a breakdown to clarify:

 

  • ✅ Settlement Agreement: Once negotiations are complete and you accept the RAF’s offer, you’ll sign a settlement agreement outlining the total compensation amount.

 

  • ✅ Payment Timeline: The RAF aims to pay out settled claims within 180 days (6 months) of the settlement agreement.

 

 

Possible Scenarios You Might Be Considering

 

  • ✅ Legal Fees: If your lawyer took your case on a contingency fee basis, their fees might be deducted from the total settlement amount before you receive the remaining balance. This wouldn’t be considered a separate “second payment” from the RAF, but rather a pre-determined disbursement from the initial payout.

 

  • ✅ Structured Settlements: In rare cases, a structured settlement might be arranged where the RAF breaks down the compensation into periodic payments over time. However, this wouldn’t be considered a standard practice and would likely require specific negotiations.

 

 

📌📌📌 If you have any doubts or uncertainties regarding the breakdown of your RAF settlement, it’s best to consult directly with the lawyer who handled your case. They can clarify the details of the agreement and any deductions made before you receive the final amount.