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Bund Insurance

(For use as Fisheries in Pond) : Fisheries in pond insurance can be extended to cover Bunds/sluice gates etc against natural perils. The minimum height of the bund should be 8 feet from the ground level from the surrounding land area in on-flood prone areas and the width of the bund at the top level should be 6 feet wide, from the water level it should have minimum 1 meter height. In flood prone areas, the minimum height of the bund should be 12 feet from the ground level and the minimum width of 6-8 feet at the top level. There would be one year waiting period for bunds. The cover for bunds to be extended only after one monsoon with the crop on. Flood and bund cover is to be given only after first crop is over.

Bundled

1. Collection of several types of health insurance policies under one payer. 2. Inclusive grouping of procedural codes related to medical services when submitting an insurance claim.

Bundled billing

Establishing a price for an all-inclusive package or global fee for all medical services needed for specific procedures. Bundled billing may include professional and institutional services that are high-cost or common procedures (e.g., coronary artery bypass graft, kidney transplant, maternity care).

Bundling

1. To group minor medical services or surgeries together with principal procedures when provided at the same time and submit them to the insurance company for reimbursement. 2. A payment method in which the insurance company or government program groups together the payment of the lesser service into the payment for the principal procedure to reimburse the provider of the medical service. Also called global pricing and package pricing . See packaging .