It's called "preventive maintenance" and is probably a belief system - more than anything - for many? It's the opposite of "If it ain't broke, don't fix it" (technically: run-to-failure or reactive maintenance).
Desired benefit is relief from nuisance and costs of breakdowns (unplanned maintenance) and a machine in proper fettle.
As to what to do and when to do it?: If you had a fleet of Tiger800s you could develop a preventive maintenance schedule from experience -- in lieu of that, relying on Triumphs or Mr. Haynes is probably the next-best-thing?
As to fork oil: oils oxidize -- wear out with time and use. Most have oxidation inhibitor additive formulas as well as other additives to maintain functionality. But, eventually, ...