How To Fix /PM0/ABP_COV_MSG072 - Coverage &1 must contain a regular premium

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABP_COV_MSG -

• Message number: 072

• Message text: Coverage &1 must contain a regular premium

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABP_COV_MSG072 - Coverage &1 must contain a regular premium ?

  The SAP error message /PM0/ABP_COV_MSG072 Coverage &1 must contain a regular premium typically occurs in the context of SAP's insurance or financial services modules, particularly when dealing with coverage plans or policies that require a regular premium payment.
  Cause:
  This error indicates that the coverage specified (denoted by &1) does not have a regular premium defined. In insurance terms, a regular premium is a recurring payment that the policyholder must make to keep the coverage active. The absence of a regular premium can occur due to several reasons:
  
  The coverage was set up incorrectly or incompletely.
  The premium type was not defined or was set to a one-time payment instead of a regular payment.
  There may be a configuration issue in the insurance product or coverage settings.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Coverage Configuration:
  
  Navigate to the coverage configuration in the SAP system.
  Ensure that the coverage in question has a regular premium defined. This can usually be found in the product or policy configuration settings.
  
  
  
  Define Regular Premium:
  
  If the regular premium is missing, you will need to define it. This typically involves specifying the amount, frequency (monthly, quarterly, annually), and any other relevant details.
  
  
  
  Review Product Settings:
  
  Check the product settings associated with the coverage. Ensure that the product is designed to support regular premiums and that all necessary fields are filled out correctly.
  
  
  
  Consult Documentation:
  
  Refer to the SAP documentation or user manuals related to the specific module you are working with. This can provide insights into how to properly configure coverage and premiums.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue through configuration changes, consider reaching out to your SAP support team or consulting with an SAP expert who specializes in the insurance module.
  
  
  
  Related Information:
  
  SAP Modules: This error is likely related to the SAP FS (Financial Services) module, particularly in the context of insurance products.
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help you navigate to the coverage and premium settings (e.g., IP01 for creating insurance policies).
  User Roles: Ensure that you have the appropriate permissions to make changes to coverage and premium settings in the SAP system.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to ensure that the coverage has a regular premium defined.