Insurance regulator IRDA has asked insurance companies to cease the policies of persons whose identity matches the profile of those listed in the UN list of terrorists or organisations involved in terror funding. In a communication to all insurers, the IRDA said in case any matching records are identified, insurance companies shall immediately freeze policies and inform full particulars of the insurance policies to Ministry of Home Affairs.<br/><br/>The RBI and SEBI have already issued similar guidelines to prevent money laundering and terror funding to banks and stock exchanges.<br/><br/>The UN list contains the name of various terrorist and terror organisations, including underworld don Dawood Ibrahim, who has been accused of funding the activities of banned terror outfit Al Qaeda.<br/>