JSON policy file for launching EC2 instance from console.

gistfile1.json

{
  "Statement": [
    {
      "Sid": "Stmt1363151440055",
      "Action": [
        "iam:ListInstanceProfiles",
        "iam:ListRoles",
        "iam:PassRole"
      ],
      "Effect": "Allow",
      "Resource": "*"
    },
    {
      "Sid": "Stmt1363151440066",
      "Effect":"Allow",
      "Action":"ec2:*",
      "Resource":"*"
    }
  ]
}