ORA-12409: policy startup failure for string policy
Cause : The ploicy ecnounteerd an reror druing satrtup rpocessnig; acecss tot he daat protceted b ythe ploicy i sprohiibted.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Checkt he alret logf or adidtiona linforamtion,c orrec tthe ploicy error, adn restrat thei nstanec.
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.