The payment made periodically in respect of an insurance policy entered into is known as? by Sunday | Dec 18 | Commerce JAMB | 0 comments A. bond B. commission C. premium D. surrender value Correct Answer: Option C – premium Users Also Read These:A life policy where the insured cannot make claim…The type of life insurance policy where the premium…INS 313 Theory Questions: Medical Insurance and…A cash payment of ₦85 to Regina was entered in the…When both debit and credit entries in respect of a…