Standard recurring premium payment for Principal life or health benefits. PLIC-SBD INSUR CLM PACT# Bank of America, Local Credit Unions Debit or Credit
If you see this on your statement, it likely indicates either a premium payment being debited or a claim payout being credited to your account. Transaction Meaning plicsbd insurance claim on bank statement upd
If you opted into an extra layer of insurance through work—such as an accidental injury policy or supplemental life insurance—and the premium is not fully deducted from your paycheck, it may be pulled directly via an ACH debit from your linked checking account. Standard recurring premium payment for Principal life or
: This core abbreviation often points to Principal Life Insurance Company (a major global financial entity) or "Presidential Life Insurance Company". In professional institutional settings, PLIC is the standard short-hand acronym for underwriting, corporate filing, and direct-deposit transaction descriptors managed by the Securities and Exchange Commission (SEC) and regional banking networks. : This core abbreviation often points to Principal
An insurance claim entry appears on your bank statement for transparency. 1. Receiving a Claim Payout (Deposit)