Message type: E = Error
Message class: /MVA/AMP_PM_MSG -
Message number: 690
Message text: Payment frequency changed to single premium due to short-term tariff.
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/MVA/AMP_PM_MSG690
- Payment frequency changed to single premium due to short-term tariff. ?The SAP error message /MVA/AMP_PM_MSG690 indicates that the payment frequency for a specific insurance product or contract has been changed to a single premium due to a short-term tariff. This typically occurs in the context of insurance or financial services modules within SAP, particularly in the area of contract management or policy administration.
Cause: Short-Term Tariff: The error is triggered when the system detects that the tariff applied to the contract is classified as short-term. This classification may be due to the nature of the product, the duration of the contract, or specific business rules set within the system. Configuration Settings: The configuration settings in the SAP system may dictate that for certain types of contracts or under specific conditions, the payment frequency must default to a single premium. Data Entry Issues: There may be incorrect or incomplete data entered during the contract creation or modification process, leading the system to enforce this rule.
Solution: Review
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