Public Liability Insurance (PLI) is a type of insurance policy that protects individuals or businesses against financial losses arising from claims made by third parties for bodily injury or property damage. This insurance coverage kicks in when you're found liable for causing harm to someone or their property.
PLICsbd is an abbreviation for "Public Liability Insurance Claim settled by bank". It refers to a type of insurance claim related to public liability insurance (PLI) that has been settled through your bank. plicsbd insurance claim on bank statement best
When an insurance claim is made under your PLI policy, the insurance company may settle the claim directly with your bank if you have a specific type of policy that allows for direct settlement. In such cases, the bank may debit your account to facilitate the claim payment. This is why you might see a PLICsbd entry on your bank statement. Public Liability Insurance (PLI) is a type of