In general, PLIC (now known as PICA - Public Indemnity Liability Corporation of Australia) provides public liability insurance to businesses. If a business has a public liability insurance policy with PICA, and a claim is made against them, the insurer may pay out to settle the claim.
: Principal Life Insurance Company. This is a major global financial investment and insurance provider. plic-sbd insurance claim on bank statement
Maybe the user is referring to "PLIC" as "Postal Life Insurance Company" in India, and "SBD" might be a misspelling of "SBI" (State Bank of India) or something. But "SBD" appears in search results. In general, PLIC (now known as PICA -
If you see a positive balance or deposit under this name, it means an insurance claim was approved and paid out. plic-sbd insurance claim on bank statement