@srinivas Pasupuleti100, Thanks for posting in Q&A.
I have done some research about this issue, please try the suggestions below.
1.Please check whether the device meet the requirements.
https://learn.microsoft.com/en-us/mem/intune/protect/compliance-policy-create-windows
2.Please check whether the targeted device has configured BitLocker and applied successfully.
3.It is suggested that not to assign policies and configurations to the 'all users' and 'all devices' but to create groups for both users and computers, then add the computers group to the policies, and the user's group to configurations. Please try to create a group containing target devices and assign compliance policy to the group to check whether the issue can be fixed.
Please try above information, if there is any update, feel free to let me know.
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