is a payment for insurance, which an insured is obliged to pay to insurer in accordance with insurance agreement or law; is a paid insurance interest; is a payment for insurance risk of insured to insurer by virtue of law or an insurance agreement. An insurance payment is calculated on the basis of insurance tariffs, insurance period, amount of insurance amount and discounts provided to insured, for example under accident-free operation of motor vehicles for a number of years, and some other factors. It is paid by insured as a lump sum in advance when concluding insurance relations or in parts (for example, monthly, quarterly) during entire insurance period. Amount of insurance payment is reflected in an insurance policy.