Section 27(2)(f) in Insurance Regulatory and Development Authority of India (Unit Linked Insurance Products) Regulations, 2019
(f)Switching Charge: This is a charge levied on switching of monies from one segregated fund to another available within the product. The charge per each switch, if any, shall be levied at the time of executing the switch. The maximum Switching Charge shall be declared by the Authority from time to time. The current cap per switch is Rs.500.