Exhibit (d)(1)(ii)

Exhibit (d)(1)(ii)

May 1, 2021

Voya Variable Portfolios, Inc.

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Suite 100

Scottsdale, Arizona 85258-2034

Re: Management Fee Waiver

Ladies and Gentlemen:

By execution of this letter agreement, intending to be legally bound hereby, Voya Investments, LLC ("VIL"), the adviser to ▇▇▇▇ ▇▇▇▇▇▇▇™ Large Cap Growth Index Portfolio and ▇▇▇▇ ▇▇▇▇▇▇▇™ Large Cap Value Index Portfolio (together, the "Portfolios"), agrees that, from May 1, 2021 through May 1, 2022, VIL shall waive all or a portion of its management fee and/or reimburse expenses in amounts necessary so that after such waivers and/or reimbursements, the maximum total operating expense ratios, excluding acquired fund fees and expenses, of the Portfolios shall be as follows:

We are willing to be bound by this letter agreement to lower our fees for the period from May 1, 2021 through May 1, 2022. VIL acknowledges that (1) it shall not be entitled to collect on or make a claim for waived fees at any time in the future, and (2) it shall not be entitled to collect on or make a claim for reimbursed expenses at any time in the future.

Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of Voya Variable Portfolios, Inc.

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