diff --git a/deployments/helm-chart/Chart.yaml b/deployments/helm-chart/Chart.yaml
index 247ad1250c..1da2d0d6a4 100644
--- a/deployments/helm-chart/Chart.yaml
+++ b/deployments/helm-chart/Chart.yaml
@@ -1,5 +1,5 @@
 name: nginx-ingress
-version: 0.3.0
+version: 0.3.1
 appVersion: edge
 description: NGINX Ingress Controller
 sources:
diff --git a/deployments/helm-chart/README.md b/deployments/helm-chart/README.md
index b69e785374..c2d4c87c51 100644
--- a/deployments/helm-chart/README.md
+++ b/deployments/helm-chart/README.md
@@ -78,7 +78,8 @@ Parameter | Description | Default
 `controller.service.type` | The type of service to create for the Ingress controller. | LoadBalancer
 `controller.service.externalTrafficPolicy` | The externalTrafficPolicy of the service. The value Local preserves the client source IP. | Local
 `controller.service.annotations` | The annotations of the Ingress controller service. | { }
-`controller.service.loadBalancerIP` | The static IP address for the load balancer. Requires `controller.service.type` set to `LoadBalancer`.  | None
+`controller.service.loadBalancerIP` | The static IP address for the load balancer. Requires `controller.service.type` set to `LoadBalancer`. The cloud provider must support this feature.  | None
+`controller.service.loadBalancerSourceRanges` | The IP ranges (CIDR) that are allowed to access the load balancer. Requires `controller.service.type` set to `LoadBalancer`. The cloud provider must support this feature. | []
 `controller.service.externalIPs` | The list of external IPs for the Ingress controller service. | []
 `controller.serviceAccount.name` | The name of the service account of the Ingress controller pods. Used for RBAC. | nginx-ingress
 `controller.serviceAccount.imagePullSecrets` | The names of the secrets containing docker registry credentials. | []
diff --git a/deployments/helm-chart/templates/controller-service.yaml b/deployments/helm-chart/templates/controller-service.yaml
index fff9e5e89d..a766b0308c 100644
--- a/deployments/helm-chart/templates/controller-service.yaml
+++ b/deployments/helm-chart/templates/controller-service.yaml
@@ -17,9 +17,15 @@ spec:
   {{- if .Values.controller.service.externalTrafficPolicy }}
   externalTrafficPolicy: {{ .Values.controller.service.externalTrafficPolicy }}
   {{- end }}
-  {{- if (eq .Values.controller.service.type "LoadBalancer") .Values.controller.service.loadBalancerIP }}
+{{- end }}
+{{- if eq .Values.controller.service.type "LoadBalancer" }} 
+  {{- if .Values.controller.service.loadBalancerIP }}
   loadBalancerIP: {{ .Values.controller.service.loadBalancerIP }}
   {{- end }}
+  {{- if .Values.controller.service.loadBalancerSourceRanges }}
+  loadBalancerSourceRanges:
+{{ toYaml .Values.controller.service.loadBalancerSourceRanges | indent 4 }}
+  {{- end }}
 {{- end }}
   type: {{ .Values.controller.service.type }}
   ports:
diff --git a/deployments/helm-chart/values.yaml b/deployments/helm-chart/values.yaml
index b58eec0a75..036cbaf3a0 100644
--- a/deployments/helm-chart/values.yaml
+++ b/deployments/helm-chart/values.yaml
@@ -35,6 +35,7 @@ controller:
     annotations: {}
     loadBalancerIP: ""
     externalIPs: []
+    loadBalancerSourceRanges: []
   serviceAccount:
     name: nginx-ingress
     imagePullSecrets: []