Provide your updated bank details (including NID and routing number) for direct EFT settlement. To Stop Automated Deductions If you want to cancel the policy or stop the auto-debit:

If you or one of your employees recently filed a short-term or long-term disability claim, the approved funds are often paid out via direct deposit. The incoming credit will show up as a PLIC-SBD update once the funds clear the banking network. 2. Employer Benefit Plan Premiums

When you see a line item containing , "PLIC SBD" , or "SBDClaims" on your bank statement, it is almost always related to an insurance premium payment being automatically deducted, or a direct deposit payout from an active claim. Why an Insurance Claim Appears on a Bank Statement

Decoding "PLIC-SBD": Managing Insurance Claims and Bank Statement Updates