Often, a family member may use a joint account or your account to fund their policy.
Direct Answer First A entry on your bank statement indicates an insurance premium payment to the Postal Life Insurance (PLI) system, typically processed through the Directorate of Posts in Bangladesh. If you see a deduction labeled "plicsbd insurance claim on bank statement upd" , it usually refers to an automated debit or a system update regarding your premium payments or claim settlements. plicsbd insurance claim on bank statement upd
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: Often, a family member may use a joint