How To Fix /PM0/ABP_PREM_MSG029 - No premium rate exists

/PM0/ABP_PREM_MSG029 - Overview

• Message type: E = Error

• Message class: /PM0/ABP_PREM_MSG -

• Message number: 029

• Message text: No premium rate exists

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.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABP_PREM_MSG029 - No premium rate exists ?

  The SAP error message /PM0/ABP_PREM_MSG029 No premium rate exists typically occurs in the context of the SAP system when dealing with premium calculations, often related to insurance or benefits management. This error indicates that the system is unable to find a defined premium rate for the specific conditions or parameters being processed.
  
  Cause:
  
  Missing Premium Rate Configuration: The most common cause is that there is no premium rate defined for the specific combination of parameters (e.g., product type, coverage type, or other relevant criteria).
  Incorrect Data Entry: There may be an issue with the data entered in the system, such as incorrect or incomplete information that prevents the system from finding the appropriate premium rate.
  Inactive or Expired Rates: The premium rates may be inactive or have expired, leading to the system not being able to retrieve them.
  Master Data Issues: There could be issues with the master data related to the insurance products or