: If you see this on your bank statement, it is usually a monthly premium deduction for a policy you or your employer established. Claim Purpose
When a P LIC-SBD insurance claim is processed, it may appear on the bank statement of the policyholder or their nominee/beneficiary. The claim amount is typically credited to the bank account specified by the nominee/beneficiary. plic-sbd insurance claim on bank statement
: Send to Individual Disability Claims, 711 High Street, Des Moines, IA 50392. Managing Unauthorized Charges If you do not recognize this charge: Verify with HR : If you see this on your bank
: Coverage for specific risks like accidental injury, critical illness, or short-term disability. : Send to Individual Disability Claims, 711 High
There are two primary scenarios in which this credit appears. The most common is the . Many PLIC policies, such as the Whole Life Assurance (Suraksha) or Convertible Whole Life Assurance (Sukanya), have a defined term. Upon successful completion of the policy term (e.g., 15, 20, or 25 years), the policy matures. The insurer automatically processes the maturity benefit—which includes the sum assured plus accrued bonuses—and directly credits it to the policyholder’s registered savings bank account. The "PLIC-SBD Insurance Claim" notation is the official record of this automatic payout.