ORA-13829: SQL profile named string already exists
Cause : A SQL profile already exists with the name specified.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Specify a different name or drop the existing SQL profile.
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.