How To Fix /PM0/ABP_BIZPRC158 - Policy &2 contract &1 has a surrender value

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABP_BIZPRC -

• Message number: 158

• Message text: Policy &2 contract &1 has a surrender value

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABP_BIZPRC158 - Policy &2 contract &1 has a surrender value ?

  The SAP error message /PM0/ABP_BIZPRC158 indicates that there is a policy contract that has a surrender value associated with it. This error typically arises in the context of insurance or financial services modules within SAP, particularly when dealing with policy management and contract processing.
  Cause:
  The error message is triggered when an attempt is made to perform an operation (such as cancellation or modification) on a policy contract that has a surrender value. The surrender value is the amount that the policyholder would receive if they decided to terminate the policy before its maturity. The system prevents certain actions on contracts with a surrender value to ensure compliance with business rules and financial regulations.
  Solution:
  To resolve this error, consider the following steps:
  
  
  Review the Policy Contract: Check the details of the policy contract in question. Ensure that you understand the implications of the surrender value and the current status of the contract.
  
  
  Check Business Rules: Verify the business rules associated with the policy. Some actions may not be allowed if a surrender value exists. Consult with your business process owner or compliance team to understand the restrictions.
  
  
  Surrender the Policy: If the intention is to terminate the policy, you may need to process a surrender request instead of attempting to cancel or modify the contract. This will allow the policyholder to receive the surrender value.
  
  
  Consult Documentation: Refer to the SAP documentation or user manuals related to the specific module you are working with (e.g., SAP FS-PM for policy management) for detailed guidance on handling contracts with surrender values.
  
  
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with SAP experts who can provide assistance based on your specific configuration and business processes.
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide additional context.
  Transaction Codes: Familiarize yourself with transaction codes related to policy management, such as IP01 (Create Policy), IP02 (Change Policy), and IP03 (Display Policy).
  Training and Documentation: Ensure that users involved in policy management are trained on the implications of surrender values and the correct procedures for handling such contracts.
  
  By following these steps, you should be able to address the error message and proceed with the necessary actions regarding the policy contract.