Why might an insurance policy include riders?

Including riders in an insurance policy serves the primary purpose of customizing coverage options to meet the specific needs and circumstances of the policyholder. Riders act as add-ons or modifications to the standard policy, allowing individuals to tailor their coverage by adding benefits or altering existing terms. For instance, a policyholder might choose a rider for critical illness coverage or accidental death benefits, enhancing their overall protection beyond what the base policy offers.

This flexibility is particularly beneficial because it recognizes that different individuals have unique situations and may require additional protection in specific areas. By offering riders, insurance companies enable policyholders to create a more personalized insurance experience that aligns closely with their personal and financial goals.