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 document which acknowledges that a company owes a…The document that is legally required to be issued…Mr Ajai did not disclose that he stores drums of…When both debit and credit entries in respect of a…The type of life insurance policy where the premium…