How To Fix CMS_INS024 - Insurance premium amount should not be greater than insurance sum

SAP Error Message - Details

• Message type: E = Error

• Message class: CMS_INS - Messages for Insurance

• Message number: 024

• Message text: Insurance premium amount should not be greater than insurance sum

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message CMS_INS024 - Insurance premium amount should not be greater than insurance sum ?

  The SAP error message CMS_INS024 indicates that the insurance premium amount entered in the system exceeds the allowed limit, which is the insurance sum. This error typically occurs in the context of insurance-related transactions within the SAP system, particularly in modules dealing with insurance management.
  Cause:
  
  Incorrect Data Entry: The most common cause is that the user has mistakenly entered a premium amount that is higher than the insurance sum.
  Configuration Issues: There may be configuration settings in the insurance module that define the relationship between the premium and the insurance sum, which could be incorrectly set.
  Policy Limits: The insurance policy may have specific limits that restrict the premium to a certain percentage of the insurance sum, and the entered value exceeds this limit.
  
  Solution:
  
  Verify Input Values: Check the values entered for both the insurance premium and the insurance sum. Ensure that the premium does not exceed the insurance sum.
  Adjust Premium Amount: If the premium amount is indeed higher than the insurance sum, adjust it to a valid amount that complies with the policy limits.
  Review Policy Terms: Consult the terms of the insurance policy to understand the relationship between the premium and the insurance sum. Make sure that the entered values align with these terms.
  Configuration Check: If the issue persists, review the configuration settings in the SAP system related to insurance management. Ensure that the rules governing premium calculations are correctly set up.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines on handling insurance premium entries.
  
  Related Information:
  
  SAP Modules: This error is typically encountered in modules like SAP FS-CM (Financial Services - Claims Management) or SAP FS-ICM (Financial Services - Insurance Contract Management).
  User Roles: Ensure that users entering this data have the appropriate roles and permissions to make changes to insurance-related entries.
  Testing: After making adjustments, conduct tests to ensure that the error does not reoccur and that the system behaves as expected.
  Support: If the problem cannot be resolved through the above steps, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the CMS_INS024 error and ensure that your insurance premium entries are valid within the SAP system.