How To Fix FVD_CLI_CLOAN088 - Main borrower is not an insured person

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 088

• Message text: Main borrower is not an insured person

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_CLI_CLOAN088 - Main borrower is not an insured person ?

  The SAP error message FVD_CLI_CLOAN088 indicates that the main borrower in a loan application is not recognized as an insured person. This typically occurs in the context of financial services or loan management within SAP, where certain conditions must be met for a loan to be processed, including insurance requirements.
  Cause:
  
  Missing Insurance Information: The main borrower may not have valid insurance coverage linked to their profile in the system.
  Incorrect Data Entry: There may be an error in the data entry for the borrower, such as incorrect identification or insurance details.
  Configuration Issues: The system may not be properly configured to recognize the borrower as an insured person due to missing settings or parameters.
  Status of Borrower: The borrower may not meet the criteria set by the organization for being considered an insured person.
  
  Solution:
  
  Verify Borrower Information: Check the borrower’s profile to ensure that all necessary insurance information is correctly entered and up to date.
  Update Insurance Details: If the borrower does not have insurance, ensure that they obtain the necessary coverage and that this information is updated in the system.
  Check Configuration: Review the configuration settings in SAP related to borrower insurance requirements to ensure they are set up correctly.
  Consult Documentation: Refer to the SAP documentation or user manuals for specific guidelines on handling borrower insurance requirements.
  Contact Support: If the issue persists, consider reaching out to your SAP support team or consulting with a financial services expert who is familiar with the SAP system.
  
  Related Information:
  
  Insurance Requirements: Understand the specific insurance requirements for borrowers as defined by your organization or regulatory bodies.
  SAP Modules: This error may be related to specific SAP modules such as SAP Financial Services (FS) or SAP Loan Management.
  User Roles: Ensure that the user entering the data has the appropriate permissions and roles to update borrower information.
  Testing: After making changes, conduct tests to ensure that the error does not reoccur and that the loan processing can proceed smoothly.
  
  By addressing the underlying causes and following the suggested solutions, you should be able to resolve the error message FVD_CLI_CLOAN088 effectively.