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 contract to take possession of goods on…A document which acknowledges that a company owes a…The amount called in respect of a share but not paid…The type of life insurance policy where the premium…A cash payment of ₦85 to Regina was entered in the…