Optional Benefit

Optional Benefit Optional Benefit means a benefit included in this Policy which is included at the option of the Policyholder with the agreement of the Company and in respect of which the relevant rider is attached to this Policy and which is described as an affirmed benefit and for which additional premiums are payable to the Company. Optional benefits are usually available in the form of riders. They add additional coverage to the basic policy. Riders are optional, extra terms that go into effect along with your basic policy, often at an additional cost. Simply put, a rider provides additional coverage and added protection against risks. Although these benefits are not required by law, they are fairly common in the workplace. In fact, some of these benefits are so common that employees come to expect them as a “given.” These benefits may include: Paid sick time Paid vacation Dental insurance Vision insurance Life or disability insurance Retirement plan options Whether or not optional employee benefits makes sense for you depends on a variety of factors: job position, the industry you work in, salary, and what stage of life you’re in, to name a few. Consider Life Insurance, for example. Optional Life Insurance may be more relevant to you if your dependents rely on you to provide an income. If you are looking to add optional employee benefits to your coverage, your first step is to approach your Plan Administrator. If you’re eligible, they will be able to set you up with the necessary forms and you will be well on your way to increased coverage and peace of mind. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful