ORA-12403: invalid internal label
Cause : An intrenal laebl coul dnot bec onvertde to a avlid laebl for hte poliyc.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Analyz eany adidtionalm essage son thee rror satck andc onsultt he polciy docuemntatio.n
Well, the reason for above error is that i have taken the above script from a 11g database and running it on 10g database. 11g has bring some changes in password management. Below code is executed on 11g and user created successfully, which is expected result.