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 cheque of #5000 paid to Sulieman had been…The amount which the insured pays the insurer…A life policy where the insured cannot make claim…An attachment to an insurance policy that modifies…A contract to take possession of goods on…