The amount paid by the assured to the insurer is called? by Sunday | Jul 29 | Commerce WAEC | 0 comments A. interest B. premium C. dividend D. indemnity E. surrender value Correct Answer: Option B – premium Users Also Read These:A life policy that pays the sum assured if the…The amount paid regularly by the assured to the insurer is?The person named to receive the life assurance…The sum of money paid by a policy-holder to an…The difference between the total amount of money…