What is one of the main advantages of a blanket health insurance policy?

The primary advantage of a blanket health insurance policy is that it provides coverage to a large, diverse group of people, such as employees of a company or members of an organization, without the need to issue individual policies for each person. This approach simplifies administration and often results in more streamlined claims processing. Since the risk is spread across a larger number of individuals, it can also lead to more favorable insurance terms compared to individual policies.

This type of policy can be particularly beneficial in situations where transient populations are involved, such as schools or tourist attractions, since it ensures that all individuals within the designated group are covered under a single policy.

Other options may present appealing aspects of insurance, such as customization and fixed benefits, but they do not highlight the hallmark strength of blanket policies, which is their ability to cover a diverse population effectively and efficiently.