Plic-sbd Insurance Claim On Bank Statement [new] (Newest × CHOICE)

Situation: Maria saw a credit of $75,000 labeled "PLIC-SBD INSURANCE CLAIM." She panicked, thinking it was a fraudulent deposit. Outcome: Her late husband had a Pramerica term policy. She had filed a claim 4 weeks prior but forgot the company's settlement name. The money was legitimate.

: If the entry is a credit (money added), it may be a reimbursement or benefit payout from a submitted claim. cdn.prod.website-files.com How to Handle an Unrecognized Charge plic-sbd insurance claim on bank statement

: Often refers to Short-term Benefit/Disability or is a specific internal plan code used for life insurance products. Common Reasons for the Transaction Situation: Maria saw a credit of $75,000 labeled

The code "PLIC-SBD" is an acronym that stands for ost O ffice L ife I nsurance C orporation - S avings B ank D epartment. The Post Office Life Insurance Corporation (PLIC) is a government-backed insurer in India, operating under the Department of Posts. Its "Savings Bank Department" refers to the linkage between a customer's Post Office Savings Bank account and an eligible life insurance policy held with the PLIC. Therefore, an entry labeled "PLIC-SBD Insurance Claim" signifies that a claim payment related to a PLIC policy has been successfully credited to your linked savings bank account. The money was legitimate

: Filing a claim against this policy typically occurs following a covered event, such as an injury, sickness, or pregnancy that prevents you from working. How to File a PLIC-SBD Claim

Here is where most people get confused. The word "Claim" suggests you are losing money. However, in banking terms, a claim settlement is a gain .