diff --git a/README.md b/README.md
index a7305420..1f2ceafa 100644
--- a/README.md
+++ b/README.md
@@ -171,7 +171,7 @@ You need the following permissions to run this module.
 | <a name="input_bucket_storage_class"></a> [bucket\_storage\_class](#input\_bucket\_storage\_class) | The storage class of the new bucket. Required only if `create_cos_bucket` is true. Possible values: `standard`, `vault`, `cold`, `smart`, `onerate_active`. | `string` | `"standard"` | no |
 | <a name="input_cos_instance_name"></a> [cos\_instance\_name](#input\_cos\_instance\_name) | The name for the IBM Cloud Object Storage instance provisioned by this module. Applies only if `create_cos_instance` is true. | `string` | `null` | no |
 | <a name="input_cos_location"></a> [cos\_location](#input\_cos\_location) | The location for the Object Storage instance. Applies only if `create_cos_instance` is true. | `string` | `"global"` | no |
-| <a name="input_cos_plan"></a> [cos\_plan](#input\_cos\_plan) | The plan to use when Object Storage instances are created. Possible values: `standard`, `lite`, `cos-one-rate-plan`. Applies only if `create_cos_instance` is true. | `string` | `"standard"` | no |
+| <a name="input_cos_plan"></a> [cos\_plan](#input\_cos\_plan) | The plan to use when Object Storage instances are created. Possible values: `standard`, `cos-one-rate-plan`. Applies only if `create_cos_instance` is true. For more details refer https://cloud.ibm.com/docs/cloud-object-storage?topic=cloud-object-storage-provision. | `string` | `"standard"` | no |
 | <a name="input_cos_tags"></a> [cos\_tags](#input\_cos\_tags) | A list of tags to apply to the Object Storage instance. | `list(string)` | `[]` | no |
 | <a name="input_create_cos_bucket"></a> [create\_cos\_bucket](#input\_create\_cos\_bucket) | Whether to create an Object Storage bucket. | `bool` | `true` | no |
 | <a name="input_create_cos_instance"></a> [create\_cos\_instance](#input\_create\_cos\_instance) | Whether to create a IBM Cloud Object Storage instance. | `bool` | `true` | no |
diff --git a/examples/one-rate-plan/README.md b/examples/one-rate-plan/README.md
index 42178cf2..8d042b41 100644
--- a/examples/one-rate-plan/README.md
+++ b/examples/one-rate-plan/README.md
@@ -2,7 +2,7 @@
 
 A simple example that shows how to provision an IBM Cloud Object Storage One Rate plan instance and an Object Storage bucket with One Rate Active storage.
 
-:exclamation: **Important:** The Active storage class is available only with One Rate plans. You can't use it with Standard or Lite plans.
+:exclamation: **Important:** The Active storage class is available only with One Rate plans. You can't use it with Standard plan.
 
 The following resources are provisioned by this example:
 
diff --git a/variables.tf b/variables.tf
index 7959da3c..d7585b0e 100644
--- a/variables.tf
+++ b/variables.tf
@@ -57,11 +57,11 @@ variable "cos_location" {
 }
 
 variable "cos_plan" {
-  description = "The plan to use when Object Storage instances are created. Possible values: `standard`, `lite`, `cos-one-rate-plan`. Applies only if `create_cos_instance` is true."
+  description = "The plan to use when Object Storage instances are created. Possible values: `standard`, `cos-one-rate-plan`. Applies only if `create_cos_instance` is true. For more details refer https://cloud.ibm.com/docs/cloud-object-storage?topic=cloud-object-storage-provision."
   type        = string
   default     = "standard"
   validation {
-    condition     = contains(["standard", "lite", "cos-one-rate-plan"], var.cos_plan)
+    condition     = contains(["standard", "cos-one-rate-plan"], var.cos_plan)
     error_message = "The specified cos_plan is not a valid selection!"
   }
 }