How To Fix FVD_INSURANCE074 - Insurance policy &1; specify a bank details ID for payment method &2

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 074

• Message text: Insurance policy &1; specify a bank details ID for payment method &2

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.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_INSURANCE074 - Insurance policy &1; specify a bank details ID for payment method &2 ?

  The SAP error message FVD_INSURANCE074 indicates that there is an issue with the payment method configuration for an insurance policy. Specifically, it states that a bank details ID must be specified for the given payment method associated with the insurance policy.
  Cause:
  The error typically arises due to one of the following reasons:
  
  Missing Bank Details: The insurance policy does not have the necessary bank details configured for the specified payment method.
  Incorrect Payment Method: The payment method used may not be properly set up in the system or may not be linked to the required bank details.
  Configuration Issues: There may be issues in the configuration of the payment methods or bank details in the SAP system.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Bank Details:
  
  Navigate to the insurance policy in question and check if the bank details are correctly entered.
  Ensure that the bank details ID is specified for the payment method being used.
  
  
  
  Review Payment Method Configuration:
  
  Go to the configuration settings for payment methods in the SAP system.
  Ensure that the payment method specified in the error message is correctly configured and linked to the appropriate bank details.
  
  
  
  Assign Bank Details to Payment Method:
  
  If the bank details are missing, you will need to create or assign the appropriate bank details ID to the payment method for the insurance policy.
  This can typically be done in the insurance policy management module or through the relevant transaction codes.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific instructions on how to configure bank details and payment methods for insurance policies.
  
  
  
  Test the Changes:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as FSP0 (to maintain master data) or FVD1 (to create insurance policies) depending on your specific requirements.
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or fixes related to this error message.
  User Roles and Authorizations: Ensure that you have the necessary permissions to make changes to bank details and payment methods in the SAP system.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in the insurance module.