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:The document that is legally required to be issued…A contract to take possession of goods on…A document which acknowledges that a company owes a…Mr Ajai did not disclose that he stores drums of…The amount which the insured pays the insurer…