Reach out to the customer service division of Protective Life Insurance Company. Provide them with the exact date, transaction ID, and dollar amount showing on your bank statement so their billing department can trace the policy generating the charge.
Take these steps if you do not recognize the charge or wish to stop it.
: Periodic income replacement payments.
The short answer is: While it is a legitimate transaction descriptor used by genuine insurance companies like Primerica and Postal Life, the appearance of this code is not a 100% guarantee of a valid claim payment.
If you see this on your bank statement, it is likely a payment related to a disability insurance product, a wellness benefit, or a claim reimbursement processed by Principal. Why is PLIC-SBD on My Bank Statement? plic-sbd insurance claim on bank statement
If your investigation concludes that the PLIC-SBD INSUR CLM charge is indeed fraudulent or an error, you must act promptly.
If you dispute it as fraud without checking, the bank might close your card and reissue a new one, causing a massive headache for a legitimate bill you simply forgot you had. By decoding the "PLIC-SBD" mystery first, James saved himself hours of frustration. Reach out to the customer service division of
Seeing on your bank statement is almost never a reason to panic—but it is always a reason to verify.
If the bank confirms the money came from PLIC, call the PLIC customer care (usually available at 1800-180-7000 or your local circle office). Provide the policy number (if you have it) or the transaction details. They can confirm which policy generated the claim. : Periodic income replacement payments
Demystifying PLIC-SBD: What This Bank Statement Charge Means and How to Claim It