Understanding "PLIC-SBD Insurance Claim" on Your Bank Statement
. While "PLICSBD" is not a standard universal banking abbreviation like ACH or POS, it serves as a merchant descriptor for insurance-related debits or claims. Understanding PLICSBD Transactions Merchant Identity Plic Sbd Insurance
Look at the card used (if it is a card transaction, not a direct bank transfer). The first 6 digits of your card (the BIN) tell you which bank issued it. If you have a local bank account but the PLICSBD code suggests a foreign entity, your card may have been compromised internationally.
