Create Image copy of EC2 Instance

To create an Image copy of EC2 Instance, right click the Instance and click Image-> Create Image
Provide the Image name and Image description and Click "Create Image"
Click "Close"

Click Images->AMIs, you can see the Image creating

From ElASTIC BLOCK STORE->Snapshots you can see the snapshot creating for the Image

You can see the create AMIs available after the Image created

You can also see the Snapshots status "completed" from ElASTIC BLOCK STORE->Snapshots

Now you can use the Image to create new Instance. Click "Launch Instance" from EC2 Dashboard
Select MY AMIs and you will the newly Created Image.