How To Fix FVD_INSURANCE072 - Insurance policy &1; payment method &2 is not an incoming payment method

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 072

• Message text: Insurance policy &1; payment method &2 is not an incoming payment method

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.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_INSURANCE072 - Insurance policy &1; payment method &2 is not an incoming payment method ?

  The SAP error message FVD_INSURANCE072 indicates that there is an issue with the payment method associated with an insurance policy. Specifically, the error states that the payment method specified for the insurance policy is not recognized as an incoming payment method. This typically occurs in the context of managing insurance policies and their associated payments within the SAP system.
  Cause:
  
  Incorrect Payment Method: The payment method specified for the insurance policy is not configured as an incoming payment method in the system.
  Configuration Issues: The payment method may not be set up correctly in the system, or it may not be assigned to the relevant company code or insurance product.
  Data Entry Error: There may be a typographical error or incorrect selection when entering the payment method for the insurance policy.
  
  Solution:
  
  
  Check Payment Method Configuration:
  
  Go to the configuration settings for payment methods in the SAP system (Transaction code: OBPM1 for incoming payment methods).
  Verify that the payment method specified in the error message is indeed configured as an incoming payment method.
  
  
  
  Assign Payment Method:
  
  If the payment method is not set up as an incoming payment method, you may need to create or modify it to ensure it is recognized as such.
  Ensure that the payment method is assigned to the relevant company code and is valid for the insurance product in question.
  
  
  
  Review Policy Details:
  
  Check the details of the insurance policy to ensure that the correct payment method is being used.
  If necessary, update the policy to use a valid incoming payment method.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring payment methods for insurance policies.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration and policy details, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBPM1 (Payment Methods in Country) and FVD1 (Create Insurance Policy) to navigate the configuration and policy management processes.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to payment methods and insurance policies in the SAP system.
  
  By following these steps, you should be able to resolve the error message FVD_INSURANCE072 and ensure that the payment method for the insurance policy is correctly configured.