How To Fix FVD_CLI_CLOAN069 - Main borrower is not an insured person -> new model calculation

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 069

• Message text: Main borrower is not an insured person -> new model calculation

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_CLI_CLOAN069 - Main borrower is not an insured person -> new model calculation ?

  The SAP error message FVD_CLI_CLOAN069 indicates that the main borrower in a loan or credit application is not recognized as an insured person in the system. This error typically arises in the context of financial services, particularly in loan processing where insurance coverage is a prerequisite for certain transactions.
  Cause:
  
  Missing Insurance Information: The main borrower may not have an associated insurance policy in the system.
  Incorrect Data Entry: There may be errors in the borrower’s data entry, such as incorrect identification or insurance details.
  System Configuration: The system may not be configured to recognize the borrower as an insured person due to missing settings or parameters.
  Status of the Borrower: The borrower may not meet the criteria set by the organization for being considered an insured person.
  
  Solution:
  
  Verify Insurance Status: Check if the main borrower has an active insurance policy linked to their profile. If not, ensure that the necessary insurance is obtained and recorded in the system.
  Correct Data Entry: Review the borrower’s details for any inaccuracies. Ensure that all required fields are filled out correctly, especially those related to insurance.
  System Configuration: Consult with your SAP administrator or IT department to ensure that the system is properly configured to recognize insured persons. This may involve checking the relevant settings in the SAP system.
  Update Borrower Profile: If the borrower is indeed insured but not recognized as such, update their profile in the system to reflect their insurance status.
  Consult Documentation: Refer to SAP documentation or user manuals for specific instructions related to the error message and the insurance requirements for borrowers.
  
  Related Information:
  
  SAP Modules: This error is typically encountered in SAP modules related to financial services, such as SAP Financial Services (FS) or SAP Banking.
  Insurance Requirements: Different organizations may have varying requirements for insurance coverage related to loans. It’s important to be aware of these requirements.
  User Roles: Ensure that the user attempting to process the loan has the necessary permissions to view and edit borrower and insurance information.
  Support: If the issue persists after following the above steps, consider reaching out to SAP support or your internal IT support team for further assistance.
  
  By addressing the underlying cause of the error, you should be able to resolve the issue and proceed with the loan processing.