How To Fix FVD_LOS060 - Insurance rates are inconsistent

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_LOS - Message Class for Loan Origination

• Message number: 060

• Message text: Insurance rates are inconsistent

What causes this issue?

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

If more than one insurance rate applies then these must be unambiguous.
Either all rates correspond to an insurance policy that is included in
the loan amount or to an insurance policy that is not included in the
loan.
It is not possible to create a contract that has an insurance policy
included in the loan and an insurance policy that is not included.

System Response

How to fix this error?

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_LOS060 - Insurance rates are inconsistent ?

  The SAP error message FVD_LOS060 indicates that there are inconsistencies in the insurance rates defined in the system. This error typically arises in the context of financial transactions involving insurance products, where the rates applied do not match the expected values or configurations.
  Cause:
  
  Inconsistent Rate Configuration: The insurance rates defined in the system may not align with the expected rates for the specific insurance product or contract.
  Missing Rate Records: There may be missing entries in the rate tables that are required for the calculation of insurance premiums.
  Incorrect Validity Period: The rates may not be valid for the period in which the transaction is being processed.
  Data Entry Errors: Manual entry errors or incorrect data uploads can lead to inconsistencies in the rate data.
  Changes in Rate Structures: If there have been recent changes to the rate structures or policies, the system may not have been updated accordingly.
  
  Solution:
  
  Check Rate Configuration: Review the insurance rate configuration in the system. Ensure that the rates are correctly defined and consistent with the product specifications.
  Validate Rate Records: Ensure that all necessary rate records are present in the system. If any records are missing, they need to be created or restored.
  Review Validity Periods: Check the validity periods of the rates to ensure they are applicable for the transaction date.
  Correct Data Entry: If the error is due to manual entry, correct the data in the relevant fields and reprocess the transaction.
  Consult Documentation: Refer to the SAP documentation or configuration guides for insurance products to ensure that all settings are correctly applied.
  Test Changes: After making any changes, test the transaction again to confirm that the error has been resolved.
  
  Related Information:
  
  Transaction Codes: You may need to use specific transaction codes to access the rate configuration or to view the relevant insurance product details (e.g., SPRO for configuration).
  SAP Notes: Check for any relevant SAP Notes that may address known issues or provide additional guidance on resolving this error.
  Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert who specializes in insurance modules.
  
  By following these steps, you should be able to identify and resolve the inconsistencies causing the FVD_LOS060 error in your SAP system.