I have tried following the steps mentioned by the iTWO costX Forum Admin which includes
1) Ensure all Microsoft Updates have been installed.
2) Any antivirus installed (other than Microsoft Defender) may need to be stopped or removed (if free).
3) Use the right click on the installer file and use “Run as Administrator” for the install.
But I’m still facing the same issue. I have also attached the screenshot of the issue.
I hope for an urgent solution.