How To Fix /PM0/ABR_PM_ERRORS156 - Minimum insurance total not reached for premium waiver

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABR_PM_ERRORS -

• Message number: 156

• Message text: Minimum insurance total not reached for premium waiver

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABR_PM_ERRORS156 - Minimum insurance total not reached for premium waiver ?

  The SAP error message /PM0/ABR_PM_ERRORS156 Minimum insurance total not reached for premium waiver typically occurs in the context of insurance or financial services modules within SAP, particularly when dealing with premium waivers in insurance policies. This error indicates that the total insurance amount does not meet the minimum threshold required for a premium waiver to be applicable.
  Cause:
  
  Minimum Insurance Requirement: The policy or product may have a defined minimum insurance amount that must be met to qualify for a premium waiver. If the total insurance amount is below this threshold, the error will be triggered.
  Configuration Issues: There may be incorrect settings in the insurance product configuration that define the minimum insurance amount for premium waivers.
  Data Entry Errors: Incorrect data entry during policy creation or modification could lead to the total insurance amount being calculated incorrectly.
  
  Solution:
  
  Review Policy Details: Check the policy details to ensure that the total insurance amount meets the minimum requirement for the premium waiver. If it does not, consider adjusting the coverage amount.
  Adjust Configuration: If you have access to the configuration settings, verify the minimum insurance amount set for the product. If necessary, adjust the configuration to align with business requirements.
  Data Validation: Ensure that all relevant data entries are correct. Validate the inputs for the insurance policy to ensure that they are accurate and complete.
  Consult Documentation: Refer to the SAP documentation or user manuals related to the insurance module for specific guidelines on minimum insurance requirements and premium waivers.
  Contact Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert who can provide further assistance.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide updates and patches that could resolve the issue.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  Training: If you are frequently encountering this error, consider additional training on the insurance module within SAP to better understand the configuration and requirements.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.