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

SAP Term: maximum subsidy premium

• Component: FS-PM

• Component Name: Policy Management

• Description: The maximum amount that can be added to the contract in each subsidy period, when all subsidy options are used. The amount is derived from the maximum subsidized premium and the subsidy rate.

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• Key Concepts: 
  Maximum subsidy premium is a feature of the SAP FS-PM Policy Management component. It allows users to set a maximum amount of subsidy that can be applied to a policy. This helps to ensure that the policy does not exceed the maximum amount of subsidy that is allowed by the government or other regulatory body. 
  
  How to use it: 
  To use the maximum subsidy premium feature, users must first set up the policy in the FS-PM Policy Management component. Once the policy is set up, users can then set the maximum subsidy amount for the policy. This can be done by entering the maximum amount in the “Maximum Subsidy Premium” field. 
  
  Tips & Tricks: 
  When setting up a policy with a maximum subsidy premium, it is important to ensure that the maximum amount is not exceeded. This will help to ensure that the policy does not violate any regulations or laws. Additionally, it is important to keep track of any changes to the maximum subsidy amount as this may affect the policy’s eligibility for subsidies. 
  
  Related Information: 
  For more information on setting up policies with a maximum subsidy premium, please refer to SAP’s documentation on FS-PM Policy Management. Additionally, you can contact your local SAP representative for more information and assistance with setting up policies with a maximum subsidy premium.