What is actual subsidy premium in SAP FS-PM - Policy Management?

SAP Term: actual subsidy premium

• Component: FS-PM

• Component Name: Policy Management

• Description: The amount that is actually determined by the subsidy agency after checking a subsidy period, and which is added to the contract by the insurer according to the subsidy notification.

Smart SAP Assistant

• Key Concepts: 
  Actual Subsidy Premium is a feature of the SAP FS-PM Policy Management component. It allows for the calculation of the actual premium for a policy based on the subsidy rate and the premium amount. This feature helps to ensure that the correct premium is paid for each policy, and that any subsidies are correctly applied. 
  
  How to use it: 
  To use the Actual Subsidy Premium feature, first enter the subsidy rate and premium amount into the system. The system will then calculate the actual premium for the policy based on these two values. The calculated premium can then be used to pay for the policy. 
  
  Tips & Tricks: 
  When entering the subsidy rate and premium amount into the system, make sure to double-check that they are correct. This will ensure that the calculated premium is accurate and that any subsidies are correctly applied. 
  
  Related Information: 
  The Actual Subsidy Premium feature is part of SAP FS-PM Policy Management component, which also includes features such as policy renewal, policy cancellation, and policy transfer. For more information about this component, please refer to SAP's official documentation.