What is difference amount for maximum subsidized premium in SAP FS-PM - Policy Management?

SAP Term: difference amount for maximum subsidized premium

• Component: FS-PM

• Component Name: Policy Management

• Description: Difference amount for the maximum subsidy premium, taking previously paid premiums and additional deposits into account. The difference amount occurs if the maximum subsidy premium is exceeded, and is the basis for taxation.

Smart SAP Assistant

• Key Concepts: 
  The difference amount for maximum subsidized premium is a feature of the FS-PM Policy Management component of SAP. It is used to calculate the difference between the maximum subsidized premium and the actual premium that is paid by the policyholder. This difference amount is then used to determine the amount of subsidy that is provided to the policyholder. 
  
  How to use it: 
  The difference amount for maximum subsidized premium can be calculated by entering the maximum subsidized premium and the actual premium that is paid by the policyholder into the FS-PM Policy Management component of SAP. The system will then calculate the difference between these two amounts and display it as a result. 
  
  Tips & Tricks: 
  When calculating the difference amount for maximum subsidized premium, it is important to ensure that both the maximum subsidized premium and the actual premium are entered correctly into SAP. This will ensure that the correct amount of subsidy is provided to the policyholder. 
  
  Related Information: 
  The difference amount for maximum subsidized premium is related to other features of SAP such as premium calculation, subsidy calculation, and policy management. It is important to understand how these features work together in order to ensure that policyholders receive the correct amount of subsidy.