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…The document that is legally required to be issued…A document which acknowledges that a company owes a…A life policy where the insured cannot make claim…