1 Across No 9: Reward that may be paid as a matter of policy (7)

Canada’s Globe and Mail finish the week with a display of double definition:

The answer is PREMIUM which can be both —

a prize given to the winner of a competition (ie ‘reward’)

and

the amount paid or payable, usually in regular instalments, for an insurance policy (ie ‘paid as a matter of policy’).

Did you spot it? For another example of double definition take a look at this clue from the Irish Examiner: 1 Across No 5: A kick from a horse