the desired policy name and select deactivate. This is for GUI, from CLI You can try with bpplinfo command
USAGE: bpplinfo policy_name -L|-l|-U [-v] [-M master_server,...]
       bpplinfo policy_name -set|-modify [-v] [-M master_server,...]
           [-generation generation]
           [-active | -inactive] [-pt policy_type]
           [-job_subtype sub_type]
           [-ut] [-ef effective_time]
           [-residence label]
           [-pool label]
           [-priority priority]
           [-rfile flag] [-blkincr flag]
           [-multiple_streams flag] [-keyword "keyword phrase"]
           [-encrypt flag]
           [-collect_tir_info value] [-compress flag]
           [-crossmp flag] [-disaster flag] [-follownfs flag]
           [-policyjobs max_jobs(0=unlimited)]
           [-chkpt flag] [-chkpt_intrvl minutes]
           [-collect_bmr_info flag]
           [-sg (server_group | *ANY* | *NONE*)]
           [-data_class (data_classification | *NULL*)]
           [-granular_restore_info (0 | 1)]

       Valid values for policy_type:
           Standard,  NetWare,  MS-Windows-NT,  OS/2,
           FlashBackup,  AFS,  DataStore,  FlashBackup-Windows,
           NBU-Catalog,  Generic,  PureDisk-Export
       Valid values for job_subtype:
           DUPLICATE, LIVEUPDATE

Just to visualise the things :)

refer to below screenshot