Belinda Cassidy has written an article for the Australian Funeral Director’s Association about the availability of funeral expenses for the families of people killed in motor vehicle accidents. Belinda explains a little bit more about this new benefit below –
One of the KPIs of a motor accident compulsory insurance scheme would have to be the price of the premium and for the NSW Government running the current scheme for the 5 million people in NSW who buy a Green Slip insurance policy every year, having a price lower than it was a few years ago, or lower than other States and Territories of Australia would be desirable.
But the other side of the compulsory insurance scheme is the compensation and benefits that are paid out to those killed or injured on the roads of NSW and the KPIs for that part of the scheme are much harder to determine.
I have always thought that the delivery of funeral benefits to families of the deceased would be one of the easiest KPIs to develop, monitor and report on. For a start, road deaths are known, easy to track and record. The NSW Centre for Road Safety provides up to date statistics on road deaths and so we know that last year 353 people lost their lives on NSW roads (down from 389 in 2017).