How To Fix FVD_INSURANCE060 - Insurance policy &3 already exists

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 060

• Message text: Insurance policy &3 already exists

What causes this issue?

You have tried to create an insurance policy belonging to the type
<LB>&V1&</> with the insurance company <LB>&V2&</> and the policy number
<LB>&V3&</>.
This insurance already exists for the loan contract.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Check the insurance data you have entered and change it if necessary.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_INSURANCE060 - Insurance policy &3 already exists ?

  The SAP error message FVD_INSURANCE060 indicates that an insurance policy with the specified identifier (in this case, &3) already exists in the system. This error typically occurs when you attempt to create a new insurance policy that has the same key or identifier as an existing one.
  Cause:
  
  Duplicate Entry: The most common cause is that the policy number or identifier you are trying to use is already in the system.
  Data Entry Error: There may have been a mistake in entering the policy number, leading to an attempt to create a duplicate.
  System Configuration: In some cases, the system may be configured to prevent the creation of duplicate policies based on certain criteria.
  
  Solution:
  
  Check Existing Policies: Verify if the policy number you are trying to create already exists in the system. You can do this by searching for the policy using the relevant transaction code or report.
  Use a Different Identifier: If the policy number is indeed taken, consider using a different identifier that is unique.
  Review Data Entry: Ensure that there are no typographical errors in the policy number you are trying to enter.
  Consult Documentation: Check the SAP documentation or your organization's guidelines for creating insurance policies to ensure compliance with naming conventions.
  Contact Support: If you believe this error is occurring in error (e.g., the policy should not exist), contact your SAP support team or system administrator for further investigation.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes for managing insurance policies in SAP, such as FVD1 (Create Insurance Policy) or FVD2 (Change Insurance Policy).
  SAP Notes: Check SAP Notes for any known issues or patches related to insurance policy management.
  User Authorization: Ensure that you have the necessary permissions to create or modify insurance policies in the system.
  System Logs: Review system logs for any additional error messages or warnings that may provide more context about the issue.
  
  By following these steps, you should be able to resolve the error and successfully manage insurance policies in your SAP system.