How To Fix FVD_CLI_CLOAN058 - Rate missing for person to be insured &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_CLI_CLOAN - Credit Life Insurance for Consumer Loan

• Message number: 058

• Message text: Rate missing for person to be insured &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_CLI_CLOAN058 - Rate missing for person to be insured &1 ?

  The SAP error message FVD_CLI_CLOAN058 indicates that there is a missing rate for a person to be insured in the context of a loan or insurance-related transaction. This error typically arises in the SAP Financial Services (FS) module, particularly in the area of loan processing or insurance management.
  Cause:
  
  
  Missing Rate Configuration: The most common cause of this error is that the system does not have a defined rate for the specific person or entity that is being insured. This could be due to:
  
  The rate not being set up in the system.
  The rate being set up incorrectly or not being applicable to the specific case.
  The person to be insured not being properly linked to the rate configuration.
  
  
  
  Data Entry Issues: There may be issues with the data entry for the person to be insured, such as missing or incorrect information that prevents the system from finding the appropriate rate.
  
  
  Master Data Issues: The master data for the person or entity may not be complete or may not meet the criteria for the rate to be applied.
  
  
  Solution:
  
  
  Check Rate Configuration:
  
  Navigate to the relevant configuration settings in SAP (usually in the IMG - Implementation Guide).
  Ensure that the rates for the specific insurance or loan product are correctly defined and active.
  Verify that the rates are applicable to the specific person or entity being insured.
  
  
  
  Review Master Data:
  
  Check the master data for the person to be insured. Ensure that all required fields are filled out correctly and that the person is linked to the correct insurance or loan product.
  Make sure that the person’s status is active and that there are no restrictions that would prevent the application of the rate.
  
  
  
  Data Entry Validation:
  
  Review the data entry for any errors or omissions. Ensure that all necessary information is provided and correctly formatted.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the configuration of rates and insurance products.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert who can provide further assistance.
  
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help in checking configurations, such as:
  
  SPRO (for configuration settings)
  SE11 (for data dictionary)
  SE16 (for table data view)
  
  
  
  Tables: You may want to check specific tables related to insurance rates and master data, such as:
  
  TIVC (Insurance Contracts)
  TIVR (Insurance Rates)
  
  
  
  SAP Notes: Look for any SAP Notes that may address this specific error or provide updates related to rate configurations.
  
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.