SHORT ANSWER:
Private vehicles must have a valid insurance policy as per the Motor Vehicles Act, 1988.
DETAILS:
- The insurance must cover third-party liability.
- The policy should be renewed annually.
- A copy of the insurance document must be carried while driving.
PUNISHMENT / IMPLICATIONS (if applicable):
- Driving without insurance can result in a fine and vehicle impoundment.
SOURCE:
- Motor Vehicles Act, 1988
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