Management of Investment ULIP Service: insurers' fund management charges determine taxable value, regulator limits or actual charges prevail. Management of investment under unit linked insurance plans is a taxable service provided by an insurer to a policy holder; the service includes management of segregated funds and the gross amount charged equals the higher of the regulator fixed maximum fund management charge or the actual amount charged by the insurer, with the insurer as provider and the policy holder as recipient, and earlier statutory wording calculated gross amount as premium less risk premium and invested amount and included subsequent charges.