How To Fix /PM0/ABR_PM_ERRORS249 - Premium for 'Savings' coverage must be greater than &1

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABR_PM_ERRORS -

• Message number: 249

• Message text: Premium for 'Savings' coverage must be greater than &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABR_PM_ERRORS249 - Premium for 'Savings' coverage must be greater than &1 ?

  The SAP error message /PM0/ABR_PM_ERRORS249 indicates that there is an issue with the premium amount for a 'Savings' coverage type in the context of a policy or insurance product. Specifically, the error states that the premium for the 'Savings' coverage must be greater than a specified value (denoted as &1).
  Cause:
  
  Invalid Premium Amount: The premium amount entered for the 'Savings' coverage is either zero or less than the minimum required value.
  Configuration Issues: There may be configuration settings in the SAP system that define minimum premium thresholds for different coverage types, and the current entry does not meet these criteria.
  Data Entry Error: The user may have mistakenly entered an incorrect value or format for the premium.
  
  Solution:
  
  Check the Premium Amount: Review the premium amount entered for the 'Savings' coverage. Ensure that it is greater than the minimum required value indicated by &1 in the error message.
  Consult Configuration Settings: If you have access to the configuration settings, check the minimum premium thresholds defined for the 'Savings' coverage type. Adjust the premium accordingly.
  Data Validation: Ensure that the data entry is correct and that there are no typographical errors. If necessary, re-enter the premium amount.
  System Documentation: Refer to the system documentation or consult with your SAP administrator to understand the specific requirements for the 'Savings' coverage premium.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide additional context.
  User Manuals: Review user manuals or training materials related to the insurance module in SAP to understand how to properly enter coverage details.
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team for further assistance.
  
  By following these steps, you should be able to resolve the error and ensure that the premium for the 'Savings' coverage is correctly set.