new delhi 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 case any matching records are identifiedinsurance companies shall immediately freeze policies and in any case within 24 hours of identifying a match inform full particulars of the insurance policiesto ministry of home affairs the regulator said in a communication to all insurers rbi and sebi have issued similar guidelines to prevent money laundering and terror funding to banks and stock exchanges 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 irda has also asked insurance companies to maintain an updated list of individuals and entities in electronic form and run a check on a regular basis to ensure they are not holding policies the insurers it said should also file suspicious transaction reports with the financial intelligence unitindia irda said it would appoint a nodal officer to implement the recommendation of financial action task force on combating financing of terror