Getting insurance for our assets is one good practice in personal finance, so we can protect ourselves from bigger costs later on. <br /><br />But this practice is also costly because it does not only protect you from unforeseen circumstances. It also involves a 12 percent tax, which is already a huge dent on your finances. In this interview, Davao Rep. Karlo Nograles, principal author of House Bill 3235, discusses why taxes on non-life insurance products should be lowered.
