How To Fix /PM0/ABP_PREM_MSG034 - Manual rating: Premium rate is 0

/PM0/ABP_PREM_MSG034 - Overview

• Message type: E = Error

• Message class: /PM0/ABP_PREM_MSG -

• Message number: 034

• Message text: Manual rating: Premium rate is 0

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_MSG034 - Manual rating: Premium rate is 0 ?

  The SAP error message /PM0/ABP_PREM_MSG034 Manual rating: Premium rate is 0 typically indicates that there is an issue with the premium rate configuration in the system. This error is often encountered in the context of insurance or financial services modules where premium calculations are essential.
  
  Cause:
  
  Missing Premium Rate Configuration: The premium rate for the specific product or service has not been defined in the system.
  Incorrect Data Entry: There may be a data entry error where the premium rate has been set to zero unintentionally.
  Inactive or Incorrectly Configured Rate Tables: The rate tables that should provide the premium rates may be inactive or incorrectly configured.
  Product or Policy Issues: The specific product or policy may not have a valid premium rate associated with it.
  
  
  Solution:
  
  
  Check Premium Rate Configuration:
  
  Navigate to the relevant configuration settings in SAP (usually found in the customizing settings for the insurance or financial module).
  Ensure that the premium rates are correctly defined