diff --git a/templates/aws-hosted-cp/values.yaml b/templates/aws-hosted-cp/values.yaml
index 70ebaa10f..c4eb16487 100644
--- a/templates/aws-hosted-cp/values.yaml
+++ b/templates/aws-hosted-cp/values.yaml
@@ -20,7 +20,7 @@ subnets:
 
 # AWS machines parameters
 amiID: ""
-iamInstanceProfile: nodes.cluster-api-provider-aws.sigs.k8s.io
+iamInstanceProfile: control-plane.cluster-api-provider-aws.sigs.k8s.io
 instanceType: ""
 securityGroupIDs: []
 
diff --git a/templates/aws-standalone-cp/values.yaml b/templates/aws-standalone-cp/values.yaml
index 970480ac8..70c066066 100644
--- a/templates/aws-standalone-cp/values.yaml
+++ b/templates/aws-standalone-cp/values.yaml
@@ -23,7 +23,7 @@ controlPlane:
 
 worker:
   amiID: ""
-  iamInstanceProfile: nodes.cluster-api-provider-aws.sigs.k8s.io
+  iamInstanceProfile: control-plane.cluster-api-provider-aws.sigs.k8s.io
   instanceType: ""
 
 # K0s parameters