Plic-sbd: Insurance Claim On Bank Statement

A cancelled check or copy of the bank passbook where the claim amount should be deposited.

The acronym stands for Postal Life Insurance Company - Savings Bank Premium Deduction (or a very similar structural equivalent depending on your specific banking institution). The Breakdown of the Acronym PLIC: Postal Life Insurance Company / Policy. SBD: Savings Bank Deduction / Savings Bank Debit. Why Did This Charge Appear? plic-sbd insurance claim on bank statement

Evidence from public financial documents strongly indicates that is used by employers and municipalities to process a variety of employee insurance benefits. It is a billing or accounting code for group insurance plans. A cancelled check or copy of the bank

), it likely represents a payout from a claim you filed, such as a short-term disability or life insurance benefit. Common Triggers for This Charge Workplace Benefits SBD: Savings Bank Deduction / Savings Bank Debit

Monthly or annual premiums for term, whole, or universal life policies.

: This typically stands for Protective Life Insurance Company , a major financial and insurance provider. In some regional banking contexts, it can also refer to Philadelphia Life Insurance Company or Prudential Life Insurance Company .