Thanks, @SashankKotta  for pointing this out. I was able to resolve the instance pool ID issue but spot_bid_max_price is still failing I am getting the following error 

Cluster validation error: Validation failed for azure_attributes.spot_bid_max_price from pool, the value must be present

here is the policy definition in cluster policy 

"azure_attributes.spot_bid_max_price": {
    "type": "unlimited",
    "defaultValue": 100,
    "hidden": false
  },