The Union Budget is finally out. Has it brought you benefits or is it just another year of heavy taxation. You can be the best judge with how the Finance Minister’s planning has worked out for the common man. Has it given you reasons to celebrate or have your hopes got dampened? To find out, take a quick glimpse at the snapshot presented to you below.

LIC has launched a new policy-Amulya Jeevan (Plan No 177). It is a pure term assurance without profit plan. It provides financial security to the policyholder's family (nominee) if he fails to survive the term of the policy.

Since it is a pure term assurance plan, no survival benefits will be given to the policyholder but the plan performs the most crucial function of insurance. A term assurance plan keeps you financially protected for the duration chosen by you. Thus the risk of premature death is fully covered to the extent of the sum assured. Thus on the death of the policyholder, your family will stay financially protected.

Smile, frown, disappointments are just a few emotions that goes well to define the day when the Finance Minister, P Chidambaram announced the budget. People awaited the budget with a lot of expectations, hoping no more tax imposition. But sadly, the service tax was raised by 2%, raising the current service tax level to 12%. The budget can be said is a continuation of the last one, considering the tax structure, which has remained the same. So do you want to know how the budget has affected you this year? Take a quick glimpse at it.

Tax Structure: