May 1, 2018 Voya Variable Portfolios, Inc.

Exhibit (d)(1)(iii)

May 1, 2018

Voya Variable Portfolios, Inc.

0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx

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 Xxxx Xxxxxxx™ Large Cap Growth Index Portfolio and Xxxx Xxxxxxx™ Large Cap Value Index Portfolio (together, the “Portfolios”), agrees that, from May 1, 2018 through May 1, 2019, 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:

		Maximum Operating Expense Ratios (as a percentage of average net assets)
Name of Fund		Adviser Class		Class I		Class S
Xxxx Xxxxxxx™ Large Cap Growth Index Portfolio		0.93	%	0.43	%	0.68	%
Xxxx Xxxxxxx™ Large Cap Value Index Portfolio		0.93	%	0.43	%	0.68	%

We are willing to be bound by this letter agreement to lower our fees for the period from May 1, 2018 through May 1, 2019.  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.

REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK

Please indicate your agreement to this reduction in fee by executing below in the place indicated.

		Very sincerely,
	By:	/s/ Xxxx Xxxxx
		Xxxx Xxxxx
		Senior Vice President
		Voya Investments, LLC

Agreed and Accepted:

Voya Variable Portfolios, Inc.

(on behalf of the Portfolios)

By:	/s/ Xxxxxxxx X. Xxxxxxxx
	Xxxxxxxx X. Xxxxxxxx
	Senior Vice President

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