FRM-92095: Oracle JInitiator version too low.

CAUSE: 

 Latest version of Java installed and forms version is not compatible with currently installed JAVA

SOLUTION:

1. Check the version of java installed in your system
2. If you already have latest version of JAVA, Please go and uninstall(via Control Panel > Add/Remove Software)
3. Download the latest version of 1.6 (like 1.6.0_25 to 1.6.0_29) and install.
4. Then try open the application again with same browser.

OR you can perform below steps:

Click on start –> Control Panel

Click on programs

Click on Java

Click on Java Tab as seen below

Click on View

After clicking on View we see Runtime Parameters

We need to set -Djava.vendor=”Sun Microsystems Inc.” under Runtime Parameters

Click ok and click Apply.

Give a try if it resolves the problem !!