Apremium is
the amount an individual pays for an insurance policy
the contract between the insurance company and an individual
the amount an individual pays after they file a claim
the amount that is paid by the insurance company to the individual insured

A premium is THE AMOUNT AN INDIVIDUAL PAYS FOR AN INSURANCE POLICY.

The premium may be paid monthly, quarterly, semi-annually, or annually. 

Insurance policy is the contract between the insurance company and the individual.

Claim is the amount that is paid by the insurance company to the individual insured. 

It is C - Dedicated