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 amount called in respect of a share but not paid…Which of the following agent guarantees payment for…A document which acknowledges that a company owes a…A contract to take possession of goods on…The type of life insurance policy where the premium…