Don't try to parse the node out yourself with substrings. Oracle has extensive XML support built-in. You can do this with an XMLQuery:
select xmlquery('/ParentTag/Person' passing xmltype(xml_clob) returning content)
as xml_value
from your_table;
XML_VALUE
--------------------------------------------------------------------------------
<Person><Name>Mohsin</Name><Age>23</Age></Person>
If your XML document (in the CLOB) can have multiple person nodes then you can use XMLTable instead to extract them all.
And if you want it to be a formatted string matching what you've shown, rather than an XML document, you can use an XMLSerialize wrapper call:
select xmlserialize(content
xmlquery('/ParentTag/Person' passing xmltype(xml_clob) returning content)
as varchar2(100) indent size=2) as string_value
from your_table;
STRING_VALUE
--------------------------------------------------------------------------------
<Person>
<Name>Mohsin</Name>
<Age>23</Age>
</Person>
Following up a comment, if you have anamespace you can declare that as part of the XPath:
select xmlquery('declare namespace NS4 = "http://soa.comptel.com/2011/02/instantlink"; /ParentTag/NS4:Person'
passing xmltype(prov_request) returning content) as xml_value
from your_table;
select xmlserialize(content
xmlquery('declare namespace NS4 = "http://soa.comptel.com/2011/02/instantlink"; /ParentTag/NS4:Person'
passing xmltype(prov_request) returning content)
as varchar2(150) indent size=2) as string_value
from your_table;
The extracted Person node will still have that namespace information though:
STRING_VALUE
--------------------------------------------------------------------------------
<NS4:Person xmlns:NS4="http://soa.comptel.com/2011/02/instantlink">
<NS4:Name>Mohsin</NS4:Name>
<NS4:Age>23</NS4:Age>
</NS4:Person>