How To Fix FVD_INSURANCE035 - Premium effective from date for policy &1 is before insurance start date

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_INSURANCE - Messages for Insurance (Package FVVD_INSURANCE)

• Message number: 035

• Message text: Premium effective from date for policy &1 is before insurance start date

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_INSURANCE035 - Premium effective from date for policy &1 is before insurance start date ?

  The SAP error message FVD_INSURANCE035 indicates that there is a mismatch between the effective date of the premium for a specific insurance policy and the insurance start date. Specifically, the error states that the premium effective date is set before the insurance start date, which is not allowed in the system.
  Cause:
  
  Incorrect Date Entry: The premium effective date has been entered incorrectly, possibly due to a manual entry error.
  Policy Configuration: The policy may have been configured with an incorrect start date or premium effective date.
  Data Migration Issues: If data was migrated from another system, there may have been inconsistencies in the date formats or values.
  Business Rules: The business rules defined in the system may not allow for premiums to be effective before the policy starts.
  
  Solution:
  
  Check Dates: Review the effective date of the premium and the insurance start date for the policy in question. Ensure that the premium effective date is on or after the insurance start date.
  Update Dates: If the premium effective date is incorrect, update it to a valid date that is on or after the insurance start date.
  Policy Review: If necessary, review the entire policy configuration to ensure all dates are set correctly and in accordance with business rules.
  Consult Documentation: Refer to the SAP documentation or your organization's guidelines for handling insurance policies to ensure compliance with the required processes.
  Testing: After making changes, test the policy to ensure that the error no longer occurs and that the premium is processed correctly.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or fixes related to this error message.
  Transaction Codes: Familiarize yourself with relevant transaction codes (e.g., FVD1 for creating insurance policies, FVD2 for changing them) to navigate the system effectively.
  User Roles: Ensure that you have the appropriate permissions to make changes to insurance policies and premium settings.
  Consult with Colleagues: If you are unsure about the correct dates or how to proceed, consult with colleagues or a supervisor who has experience with insurance policy management in SAP.
  
  By following these steps, you should be able to resolve the error and ensure that the insurance policy and premium dates are correctly aligned.