How To Fix /PM0/ALB_MESSAGES368 - Recurring premium must exist for included premium waiver

/PM0/ALB_MESSAGES368 - Overview

• Message type: E = Error

• Message class: /PM0/ALB_MESSAGES -

• Message number: 368

• Message text: Recurring premium must exist for included premium waiver

Self-Explanatory Message

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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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ALB_MESSAGES368 - Recurring premium must exist for included premium waiver ?

  The SAP error message /PM0/ALB_MESSAGES368 indicates that there is an issue related to the configuration of a recurring premium waiver in the context of insurance or financial products. Specifically, the error states that a recurring premium must exist for the included premium waiver. This typically occurs in the context of insurance policies where a premium waiver is contingent upon the existence of a recurring premium.
  
  Cause:
  
  Missing Recurring Premium: The primary cause of this error is that the system expects a recurring premium to be defined for the policy, but it is either missing or not properly configured.
  Incorrect Policy Configuration: The policy may not have been set up correctly to include the necessary recurring premium details.
  Data Entry Errors: There may be errors in the data entry process, leading to incomplete or incorrect information regarding the premium waiver.
  
  
  Solution:
  
  Check Policy Configuration: Review the policy configuration to ensure that a recurring premium is defined. This