ORA-12443: policy not applied to some tables in schema
Cause : You applied a policy to a schema, and some of the tables in the schema already had the policy applied.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
No action necessary; the policy was applied to the remaining tables.
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.