Dear Policyholder, "Insurance Regulatory and Development Authority vide its circular bearing reference no. IRDA/F&I/CIR/INV/234/10/2011 dated October 7, 2011 has allowed Insurer having funds, which are of uneconomical size to switch the units into another fund having similar objective and with similar or lower Fund Management Charges (FMC). Also it has been mandated in the circular that such a switch should be a free switch. In line with the aforesaid Circular, we have carried out free switch between the funds as per the below table. Please note that above activity will not lead to any change in your fund value. Also your associated Fund Management Charges would not increase."   Closed Funds (to be closed) SFINs Fund Management Charge (p.a.) of Existing Funds REPLACED FUND SFINs Fund Management Charge (p.a.) of Replacement Funds Bond Fund ULIF-036-21/12/09-BNDKFND-107 1.35% Dynamic Bond Fund ULIF-015-15/04/04-DYBNDFND-107 1.20% Floating Rate Fund ULIF-040-28/12/09-FLTRKFND-107 1.35% Dynamic Floating Rate Fund ULIF-020-07/12/04-DYFLTRFND-107 1.20% Gilt Fund ULIF-047-02/02/10-GLTKFND-107 1.35% Dynamic Gilt Fund ULIF-006-27/06/03-DYGLTFND-107 1.00% Guaranteed Money Market Fund ULIF-005-27/06/03-GRTMNMKFND-107 0.60% Money Market Fund ULIF-041-05/01/10-MNMKKFND-107 0.60% Guaranteed Bond Fund ULIF-016-15/04/04-GRTBNDFND-107 1.20% Dynamic Bond Fund ULIF-015-15/04/04-DYBNDFND-107 1.20% Pension Bond Fund II ULIF-045-14/01/10-PNBNDFND2-107 1.35% Pension Bond Fund ULIF-017-15/04/04-PNBNDFND-107 1.20% Guaranteed Floating Rate Fund ULIF-021-07/12/04-GRTFLTRFND-107 1.20% Dynamic Floating Rate Fund ULIF-020-07/12/04-DYFLTRFND-107 1.20% Guaranteed Gilt Fund ULIF-007-27/06/03-GRTGLTFND-107 1.00% Dynamic Gilt Fund ULIF-006-27/06/03-DYGLTFND-107 1.00% Pension Money Market Fund ULIF-052-31/07/11-PNMNMKFND-107 0.60% Pension Money Market Fund II ULIF-039-28/12/09-PNMNMKFND-107 0.60%