diff --git a/stable/redis/Chart.yaml b/stable/redis/Chart.yaml
index b64e668d96aa..a522aca29070 100644
--- a/stable/redis/Chart.yaml
+++ b/stable/redis/Chart.yaml
@@ -1,5 +1,5 @@
 name: redis
-version: 1.0.2
+version: 1.0.3
 appVersion: 4.0.2
 description: Open source, advanced key-value store. It is often referred to as a data structure server since keys can contain strings, hashes, lists, sets and sorted sets.
 keywords:
diff --git a/stable/redis/README.md b/stable/redis/README.md
index 4db4fe27a944..a386c1d9ac93 100644
--- a/stable/redis/README.md
+++ b/stable/redis/README.md
@@ -43,29 +43,31 @@ The command removes all the Kubernetes components associated with the chart and
 
 The following tables lists the configurable parameters of the Redis chart and their default values.
 
-|           Parameter           |                Description                 |           Default            |
-|-------------------------------|--------------------------------------------|------------------------------|
-| `image`                       | Redis image                                | `bitnami/redis:{VERSION}`    |
-| `imagePullPolicy`             | Image pull policy                          | `IfNotPresent`               |
-| `serviceType`                 | Kubernetes Service type                    | `ClusterIP`                  |
-| `usePassword`                 | Use password                               | `true`                       |
-| `redisPassword`               | Redis password                             | Randomly generated           |
-| `args`                        | Redis command-line args                    | []                           |
-| `persistence.enabled`         | Use a PVC to persist data                  | `true`                       |
-| `persistence.existingClaim`   | Use an existing PVC to persist data        | `nil`                        |
-| `persistence.storageClass`    | Storage class of backing PVC               | `generic`                    |
-| `persistence.accessMode`      | Use volume as ReadOnly or ReadWrite        | `ReadWriteOnce`              |
-| `persistence.size`            | Size of data volume                        | `8Gi`                        |
-| `resources`                   | CPU/Memory resource requests/limits        | Memory: `256Mi`, CPU: `100m` |
-| `metrics.enabled`             | Start a side-car prometheus exporter       | `false`                      |
-| `metrics.image`               | Exporter image                             | `oliver006/redis_exporter`   |
-| `metrics.imageTag`            | Exporter image                             | `v0.11`                      |
-| `metrics.imagePullPolicy`     | Exporter image pull policy                 | `IfNotPresent`               |
-| `metrics.resources`           | Exporter resource requests/limit           | Memory: `256Mi`, CPU: `100m` |
-| `nodeSelector`                | Node labels for pod assignment             | {}                           |
-| `tolerations`                 | Toleration labels for pod assignment       | []                           |
-| `networkPolicy.enabled`       | Enable NetworkPolicy                       | `false`                      |
-| `networkPolicy.allowExternal` | Don't require client label for connections | `true`                       |
+|           Parameter           |                Description                       |           Default            |
+|-------------------------------|--------------------------------------------------|------------------------------|
+| `image`                       | Redis image                                      | `bitnami/redis:{VERSION}`    |
+| `imagePullPolicy`             | Image pull policy                                | `IfNotPresent`               |
+| `serviceType`                 | Kubernetes Service type                          | `ClusterIP`                  |
+| `usePassword`                 | Use password                                     | `true`                       |
+| `redisPassword`               | Redis password                                   | Randomly generated           |
+| `args`                        | Redis command-line args                          | []                           |
+| `persistence.enabled`         | Use a PVC to persist data                        | `true`                       |
+| `persistence.existingClaim`   | Use an existing PVC to persist data              | `nil`                        |
+| `persistence.storageClass`    | Storage class of backing PVC                     | `generic`                    |
+| `persistence.accessMode`      | Use volume as ReadOnly or ReadWrite              | `ReadWriteOnce`              |
+| `persistence.size`            | Size of data volume                              | `8Gi`                        |
+| `resources`                   | CPU/Memory resource requests/limits              | Memory: `256Mi`, CPU: `100m` |
+| `metrics.enabled`             | Start a side-car prometheus exporter             | `false`                      |
+| `metrics.image`               | Exporter image                                   | `oliver006/redis_exporter`   |
+| `metrics.imageTag`            | Exporter image                                   | `v0.11`                      |
+| `metrics.imagePullPolicy`     | Exporter image pull policy                       | `IfNotPresent`               |
+| `metrics.resources`           | Exporter resource requests/limit                 | Memory: `256Mi`, CPU: `100m` |
+| `nodeSelector`                | Node labels for pod assignment                   | {}                           |
+| `tolerations`                 | Toleration labels for pod assignment             | []                           |
+| `networkPolicy.enabled`       | Enable NetworkPolicy                             | `false`                      |
+| `networkPolicy.allowExternal` | Don't require client label for connections       | `true`                       |
+| `service.annotations`         | annotations for redis service                    | {}                           |
+| `service.loadBalancerIP`      | loadBalancerIP if service type is `LoadBalancer` | ``                           |
 
 The above parameters map to the env variables defined in [bitnami/redis](http://github.com/bitnami/bitnami-docker-redis). For more information please refer to the [bitnami/redis](http://github.com/bitnami/bitnami-docker-redis) image documentation.
 
diff --git a/stable/redis/templates/svc.yaml b/stable/redis/templates/svc.yaml
index 70c3777a1731..011de4d7d874 100644
--- a/stable/redis/templates/svc.yaml
+++ b/stable/redis/templates/svc.yaml
@@ -7,12 +7,19 @@ metadata:
     chart: "{{ .Chart.Name }}-{{ .Chart.Version }}"
     release: "{{ .Release.Name }}"
     heritage: "{{ .Release.Service }}"
-{{- if .Values.metrics.enabled }}
   annotations:
+    {{- range $key, $value := .Values.service.annotations }}
+    {{ $key }}: {{ $value | quote }}
+    {{- end }}
+{{- if .Values.metrics.enabled }}
 {{ toYaml .Values.metrics.annotations | indent 4 }}
 {{- end }}
 spec:
   type: {{ .Values.serviceType }}
+  {{ if eq .Values.serviceType "LoadBalancer" -}} {{ if .Values.service.loadBalancerIP -}}
+  loadBalancerIP: {{ .Values.service.loadBalancerIP }}
+  {{ end -}}
+  {{- end -}}
   ports:
   - name: redis
     port: 6379
diff --git a/stable/redis/values.yaml b/stable/redis/values.yaml
index 53eaad6d0993..ac53e7bf0bb1 100644
--- a/stable/redis/values.yaml
+++ b/stable/redis/values.yaml
@@ -90,3 +90,7 @@ networkPolicy:
   ## (with the correct destination port).
   ##
   allowExternal: true
+
+service:
+  annotations: {}
+  loadBalancerIP: