If you see this on your statement, it generally indicates one of two things:
Below is a draft paper outlining the nature of this transaction, the company profile, and how to manage these entries. Understanding PLIC SBD Insurance Transactions plicsbd insurance claim on bank statement
: In professional settings, these charges are sometimes categorized under accident insurance professional liability Managing the Insurance Claim Process If you see this on your statement, it
Match the amount on your statement to any insurance invoice you may have ignored. If it matches a known policy (e.g., your car insurance renewed automatically), the mystery is solved. the company profile
If you were not expecting a payout, it is wise to verify the transaction details: Check the Amount : Match the figure against your Policy Statement