Kubernetes service external ip pending

I am trying to deploy nginx on kubernetes, kubernetes version is v1.5.2, I have deployed nginx with 3 replica, YAML file is below, apiVersion: extensions/v1beta1 kind: Deployment metadata: name: deployment-example spec: replicas: 3 revisionHistoryLimit: 2 template: metadata: labels: app: nginx spec: containers: - name: nginx image: nginx:1.10 ports: - containerPort: 80 and now I want to expose its port 80 on port 30062 of node, for that I created a service below, kind: Service apiVersion: v1 metadata: name: nginx-ils-service spec: ports: - name: http port: 80 nodePort: 30062 selector: app: nginx type: LoadBalancer this service is working good as it should be, but it is showing as pending not only on kubernetes dashboard also on terminal. [![Terminal output][1]][1][![Dash board status][2]][2] [1]: https://i.sstatic.net/ix5v1.png [2]: https://i.sstatic.net/TUMOB.png