What's causing unable to extend lob segment error?

I have created f/wg table and tablespaces in my database. After inserting about 2000 records, it gives me an error that it is unable to extend lob segment. What would be the possible cause and remedy. This tablespace is used by other tables but they don't have any records.

create tablespace TS_AUD_GEN datafile
  '/oradata/nsdl/ts_aud_gen.1' size   500M
  extent management local
  uniform size 10M;

DROP Table AUD_DTL_IMG_TBL  CASCADE CONSTRAINTS;

CREATE TABLE AUD_DTL_IMG_TBL
(
  TXN_NO       NUMBER (9) 			           NOT NULL,
  SUB_SRL_NO   NUMBER(9)                                   NOT NULL,
  OLD_VAL      CLOB                                        NOT NULL,
  NEW_VAL      CLOB                                        NOT NULL
)
TABLESPACE TS_AUD_GEN
PCTUSED    40
PCTFREE    10
INITRANS   1
MAXTRANS   255
STORAGE    (
            INITIAL          10M
            NEXT             10M
            MINEXTENTS       1
            MAXEXTENTS       1000
            PCTINCREASE      0
            FREELISTS        1
            FREELIST GROUPS  1
            BUFFER_POOL      DEFAULT
           )
LOGGING 
  LOB (OLD_VAL) STORE AS 
      ( TABLESPACE  TS_AUD_GEN
        ENABLE      STORAGE IN ROW
        CHUNK       8192
        PCTVERSION   10
        NOCACHE
        STORAGE    (
                    INITIAL          10M
                    NEXT             10M
                    MINEXTENTS       1
                    MAXEXTENTS       1000
                    PCTINCREASE      0
                    FREELISTS        1
                    FREELIST GROUPS  1
                    BUFFER_POOL      DEFAULT
                   )
      )
  LOB (NEW_VAL) STORE AS 
      ( TABLESPACE  TS_AUD_GEN
        ENABLE      STORAGE IN ROW
        CHUNK       8192
        PCTVERSION  10
        NOCACHE
        STORAGE    (
                    INITIAL          10M
                    NEXT             10M
                    MINEXTENTS       1
                    MAXEXTENTS       1000
                    PCTINCREASE      0
                    FREELISTS        1
                    FREELIST GROUPS  1
                    BUFFER_POOL      DEFAULT
                   )
      )
NOCACHE
NOPARALLEL
/

What is the typical size of a single row. With two CLOB columns, you could theoretically store 8GB+ in a single row. If you're storing large amounts of data which are allocating 10M extents with MAXEXTENTS set to 1000, you've got 10M * 1000 as your limit. This is around 10 GB (10000 MB). A couple of big rows and you're done!

Bottom line, it looks like you need to review your data and the storage parameters for accuracy.