: Often refers to Short-term Benefit/Disability or is a specific internal plan code used for life insurance products. Common Reasons for the Transaction
: In some life insurance policies, if a premium is missed, the company may automatically take a loan against the policy's cash value to pay the premium, which can appear as a specific banking entry. How to Verify the Entry plic-sbd insurance claim on bank statement
: If you recently filed for short-term disability or a life insurance benefit, a deposit labeled "PLIC-SBD Claim" is the insurance payout being credited to your account. : Often refers to Short-term Benefit/Disability or is
: Principal Life Insurance Company, a major U.S.-based insurance provider and subsidiary of Principal Financial Group. if a premium is missed