Issue Resolved
The below step was followed
Verify
Before applying Service Profile to the server, make sure that the disks used in Disk Group are in "Unconfigured Good" state, else error stating insufficient disks will occur during service profile association . This example used Disk6-7 so they should be in "Unconfigured Good" , if they are in "Online" state or "Jbod", then right click on these disks and select 'Set Unconfigured Bad to Good'