InsufficientServicePermissions - Permissions granted to the object storage service principal to this bucket are insufficient

 In OCI, Object Storage, I am getting the below error when trying to create "Lifecycle Management Policy" using REST API.

{

    "code": "InsufficientServicePermissions",

    "message": "Permissions granted to the object storage service principal \"objectstorage-eu-frankfurt-1\" to this bucket are insufficient."

}

Fix the problem:

Create a policy and add the following

Allow group Administrators to read buckets in tenancy

Allow group Administrators to manage objects in tenancy where any {request.permission='OBJECT_CREATE', request.permission='OBJECT_INSPECT'}

Allow service objectstorage-ap-mumbai-1 to manage object-family in tenancy