How To Fix /PM0/ABP_PREM_MSG005 - A premium is not stored for the contract

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABP_PREM_MSG -

• Message number: 005

• Message text: A premium is not stored for the contract

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABP_PREM_MSG005 - A premium is not stored for the contract ?

  The SAP error message /PM0/ABP_PREM_MSG005 indicates that a premium is not stored for a specific contract. This error typically arises in the context of contract management or premium calculation within the SAP system, particularly in modules related to insurance or financial services.
  Cause:
  
  Missing Premium Data: The most common cause of this error is that the premium data has not been entered or is missing for the specific contract in question.
  Incorrect Contract Status: The contract may not be in a status that allows for premium calculations or entries.
  Configuration Issues: There may be configuration issues in the system that prevent the premium from being calculated or stored correctly.
  Data Entry Errors: There could be errors in data entry, such as incorrect contract numbers or missing required fields.
  
  Solution:
  
  Check Contract Details: Verify that the contract in question has all the necessary details filled out, including the premium information. Ensure that the premium is correctly defined in the system.
  Review Contract Status: Ensure that the contract is in an appropriate status that allows for premium entries. If the contract is in a closed or inactive status, you may need to change it to an active status.
  Enter Missing Premium Data: If the premium data is indeed missing, enter the required premium information for the contract.
  Configuration Review: If the issue persists, review the configuration settings related to premium calculations in the SAP system. This may involve checking the relevant customizing settings in the SAP IMG (Implementation Guide).
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling premium entries and contract management.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help you navigate to the contract management or premium entry screens (e.g., VA02 for changing sales orders, VA03 for displaying sales orders).
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that address the issue.
  User Roles and Permissions: Ensure that the user has the necessary permissions to enter or modify premium data for contracts.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.