Conclusion “PLIC‑SBD Insurance Claim” on a bank statement most likely represents a claims‑related disbursement—often from Protective Life Insurance Company or a similarly abbreviated insurer—processed with an internal code. Clarifying the amount and date against insurer notices or policy account activity, and contacting the insurer or your bank if anything is unfamiliar, will quickly resolve most questions. Maintain documentation and consult a tax advisor for large or complex disbursements to ensure proper reporting.
If you have no such policy, contact your bank immediately to file a dispute. Fraudulent insurance charges are a known tactic used by scammers to siphon small amounts from accounts. plic-sbd insurance claim on bank statement