AutoScaling Group Instance refresh being ignored for Scale-In protected instances

When i run an "Instance Refresh", on an ASG that have instances which have the "Scale In Protected" flag enabled, the refresh fails (no errors) to refresh those instances even though i have set the value "Scale-in protected instances" to "Replace" from the console.

I also have tried with a Lambda running the following python code. The refresh also fails to start in this case.

    response = asgclient.start_instance_refresh(
        AutoScalingGroupName=event['ASGName'],
        Strategy='Rolling',
        DesiredConfiguration={
            'LaunchTemplate': {
                'LaunchTemplateId': event['LaunchTemplateID'],
                'Version':  event['NewLaunchTemplateVer']}
        },
        Preferences={
            'MinHealthyPercentage': int(event['ASGHealthPerc']),
            'InstanceWarmup': int(event['ASGWarmUp']),
            'SkipMatching': True,
            'ScaleInProtectedInstances': 'Refresh'
        }
    )