: A death benefit payout to a beneficiary.
Renewal Premium. Despite the word "claim," many banks categorize all insurance-related automated debits (ECS/NACH) under a generic "claim processing" header. In reality, it is simply your regular monthly, quarterly, or annual premium. plic-sbd insurance claim on bank statement
A "PLIC-SBD" entry usually indicates one of the following financial activities: : A death benefit payout to a beneficiary