How To Fix FVD_INSURANCE063 - Insurance policy &1; valid-from date for premium is invalid

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 063

• Message text: Insurance policy &1; valid-from date for premium is invalid

What causes this issue?

The "premium valid from" date for <LB>&V2&</> with the insurance company
<LB>&V3&</>, number <LB>&V1&</> is after the auto cancel date for the
insurance.

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 values you have entered and make changes 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_INSURANCE063 - Insurance policy &1; valid-from date for premium is invalid ?

  The SAP error message FVD_INSURANCE063 indicates that there is an issue with the "valid-from" date for a premium associated with an insurance policy. This error typically arises in the context of managing insurance policies within the SAP system, particularly in the Financial Services sector.
  Cause:
  The error message is triggered when the "valid-from" date for a premium is not valid. This can happen due to several reasons:
  
  Date Format Issues: The date may not be in the correct format or may not conform to the expected date range.
  Policy Status: The insurance policy may not be active or may have been terminated, making any new premium entries invalid.
  Date Overlap: There may be overlapping premium periods that conflict with the specified "valid-from" date.
  Configuration Issues: There may be configuration settings in the insurance module that restrict the valid date ranges for premiums.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  Check the Date: Verify that the "valid-from" date for the premium is correctly entered and falls within the acceptable range for the insurance policy.
  Review Policy Status: Ensure that the insurance policy is active and has not been terminated or put on hold.
  Adjust Premium Dates: If there are overlapping premium periods, adjust the dates to ensure there are no conflicts.
  Consult Configuration: Review the configuration settings in the SAP system related to insurance policies and premiums to ensure they are set up correctly.
  Test with Different Dates: If possible, try entering a different "valid-from" date to see if the error persists.
  
  Related Information:
  
  Transaction Codes: You may need to use specific transaction codes related to insurance management in SAP, such as FSP0 (for policy management) or FSP1 (for premium management).
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Documentation: Refer to the SAP documentation for the insurance module to understand the requirements for entering premiums and managing policies.
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.