Bobby Chua - Senior Insurance Adviser from Peak Financial Services

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Bobby Chua - Senior Insurance Adviser from Peak Financial Services

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🏆Award-Winning Financial Adviser specialising in Insurance & KiwiSaver. Senior Adviser at Peak Financial Services. Book your free consultation today Hi Everyone!

Independent advice on Life, Trauma, Income Protection and Health Insurance. My name is bobby and im a financial adviser with level 5 NCFS qualification. I specialize in life, health and medical insurance but as a company we cater from mortgage refinancing, business risk cover, investments. Why us?

1. We sit down with you and discuss your everyday risk. This is to make sure that you don't get over insured like other advisors would do just to make big commissions. We understand that everyone wants to keep as much savings as they can but also want to have a comprehensive cover.

2. We'll cover your kids for free for more than 50+ major illnesses. Yes, all of them and even the future ones that haven't pop out yet smile emoticon

3. We'll guide you to which insurance company would look after their clients well and which suits your needs. There's only 2-3 companies at the moment that would pay a stroke claim without asking the client to be disabled and you can go back to your full time work anytime and still get paid with your cover!.

4. We'll review your current insurance at no obligation to sign up. All services for free. Know what your current insurance provider is not telling you.

5. Lastly, we go far with our relationship that we will help you process your claims and we're just a phone call away if you have any questions. Cheers!

01/11/2026

Recently, one of my clients contacted me for an insurance review. The family budget had become tighter, and the client had received another quote with a lower premium.

Reasonable naman. When expenses are increasing, it makes sense to explore more affordable options.

But before making any changes, we reviewed the existing policy and compared it with the new option.

We looked at more than just the premium:

✅ The amount of cover
✅ The benefits included
✅ Policy definitions
✅ Exclusions and limitations
✅ The excess or waiting period
✅ Whether the premium would remain manageable long term

The existing policy had been approved years ago based on the client’s health at that time. Since then, the client had experienced some changes in health.

A new application could therefore result in:

❌ New exclusions
❌ A higher premium after medical assessment
❌ Different policy terms
❌ Reduced benefits
❌ Or certain covers not being offered

This does not mean that changing insurers is always the wrong decision. Sometimes, a different policy may be more suitable.

The important thing is to understand what you are gaining, what you may be giving up and whether the new cover is suitable for your circumstances.

We also discussed other ways to make the insurance more manageable, such as adjusting the amount of cover or keeping the benefits that were most important to the client.

The goal was not to keep or replace the policy at all costs. The goal was to help the client make an informed decision.

Mahalagang makatipid, especially when finances are tight. Pero bago mag cancel or lumipat, ask for a clear side by side comparison and understand the differences.

Before changing policies, have you compared the benefits, exclusions and terms as well as the premium?

Do not cancel your existing policy until any replacement cover has been accepted, you have reviewed its terms and you have decided that it is suitable for you.

Shared for educational purposes with identifying details changed or removed. General information only. Insurance eligibility, premiums, terms, conditions and exclusions are determined by the insurer. Seek personalised advice before changing, replacing or cancelling existing cover.

27/10/2026

My client sent me this update after almost 16 months of battling cancer: “I’m finally returning to work next month.” ❤️

Her first surgery alone cost over NZ$130,000. Based on the invoices she submitted, she estimates her insurer covered around NZ$400,000 throughout her treatment.

That included scans, surgeries, chemotherapy and medication, along with help with travel and accommodation for appointments.

She also shared how quickly her initial tests happened: private referral on Monday, scans on Tuesday, biopsy on Thursday, and results on Friday. The following week, she was discussing treatment with her oncologist.

Mahal ang medical insurance, and I understand why people think twice about the cost. For her, it helped her access private treatment with less financial worry habang nagpapagamot.

Messages like this remind me why I do this work.

Salamat sa tiwala, and for allowing me to share your story so others can learn from your experience. Wishing you well as you return to work. ❤️

Amounts reported by the client; the total is her estimate. This is her individual experience. Policy benefits, limits, exclusions and terms apply.

23/10/2026

We’re live now! 🔴 Join our discussion about what you need to know about KiwiSaver, from buying your first home to preparing for retirement. Click the link to watch! 😊

08/10/2026

$121,362 CRITICAL ILLNESS (TRAUMA) COVER PAYMENT APPROVED. WHAT COULD THIS MEAN FOR A FAMILY?

26/09/2026

✅ Check your eligibility

You may be eligible if you have been a KiwiSaver member for at least three years and intend to live in the property as your main home. KiwiSaver first-home withdrawals cannot generally be used to purchase an investment property.

✅ Contact your KiwiSaver provider

Request an eligibility estimate, application form and document checklist.

Kung hindi mo alam kung sino ang provider mo, you can check the KiwiSaver section of your myIR account.

✅ Find a property lawyer or conveyancer

Speak with your property lawyer or conveyancer before signing a Sale and Purchase Agreement. Let them know that you intend to use your KiwiSaver savings towards the purchase.

✅ Complete the required documents
Depending on your provider and circumstances, these may include:

• Your provider’s first-home withdrawal form
• A witnessed statutory declaration
• Certified identification and proof of address
• A signed Sale and Purchase Agreement
• Your lawyer’s or conveyancer’s undertaking and trust account details
• Any other information requested by your provider

✅ Submit your application early

Processing times vary between providers. Huwag hintayin ang last minute. Allow plenty of time before your deposit or settlement date and confirm the deadline with your provider and lawyer.

✅ Payment of your KiwiSaver funds
If approved, the funds are generally paid directly to your lawyer’s or conveyancer’s trust account, not to your personal bank account.

You must generally leave at least $1,000 in your KiwiSaver account.

If you have previously owned a home or land, you may first need Kāinga Ora to confirm that you qualify as being in a similar financial position to a first-home buyer.

Start early, prepare your documents and stay in contact with your provider and property lawyer throughout the process.

(General information only. Eligibility, the amount available, required documents and processing times depend on your circumstances, applicable KiwiSaver rules and your provider’s requirements. This is not personalised financial or legal advice.)

20/09/2026

BENEFICIARY OR POLICY OWNER: SINO BA ANG MAKAKATANGGAP NG LIFE COVER PAYMENT?

Many clients ask me:
“Bobby, sino ang beneficiary ko kapag may nangyari sa akin?”

In New Zealand, another important question is:
“Sino ang policy owner?”

Here is the simple difference:

Life insured:
Ito ang taong covered by the insurance.

Policy owner:
Ito ang person or legal entity that owns and controls the policy. The policy owner can generally request changes, reduce or cancel the cover, and will usually receive claim payments, subject to the policy terms and the insurer’s requirements.

Beneficiary:
This commonly means the person you want to benefit from the Life Cover payment. However, not every insurer or policy in New Zealand allows a beneficiary to be nominated directly.

Calling someone your beneficiary does not automatically mean the insurer will pay the money directly to them.

For example:
✅ If your partner owns the Life Cover on your life, your partner would generally receive an approved death claim as the policy owner.

✅ If you own the policy on your own life and you pass away, the payment may become part of your estate. It may then be distributed according to your will.

✅ If you do not have a valid will, New Zealand law will determine how your estate is distributed. The result may not be what you intended.

Kaya hindi sapat na sabihin lang:

“My child or partner is my beneficiary.”
You should also check:

🔍 Who owns your insurance policy?
📄 Do you have an up to date will?
👨‍👩‍👧 Does your current arrangement still reflect what you want?

Policy ownership matters because it can affect who controls the policy and where the money goes at claim time.

Speak with your insurance adviser to review your policy ownership, and consider speaking with a lawyer or estate planning professional to arrange or update your will.

(General information only. Ownership, beneficiary nominations and payment arrangements vary between insurers and policies. This is not legal or estate planning advice.)

14/09/2026

Minsan, hindi natin alam na may benefit pala tayong puwedeng ma claim. This is why staying connected with your adviser can make a meaningful difference.

In this situation, a simple check in after the birth of their baby allowed me to identify two possible benefits and help the family through the claims process during an emotional and overwhelming time.

This is why my role does not end once insurance is arranged. Ongoing service means staying connected, understanding what is happening in my clients’ lives, and being available when guidance and support may be needed.

Thank you to my client for sharing their experience and for trusting me to support their family. I truly appreciate your kind words.

*Claim eligibility is subject to the policy terms and conditions and the insurer’s assessment.

08/09/2026

Not every insurance review should lead to changing your existing policy or moving to another insurer. Sometimes, the most suitable advice is to keep what you already have.

The priority should always be helping the client understand their current cover, the possible risks of making changes, and whether any recommendation genuinely improves their position.

If you would like a transparent and client centred review of your insurance, feel free to get in touch.

General information only. Any advice or recommendation will depend on your individual circumstances.

Address

Auckland

Telephone

0212395335

Website

https://bobbychua.co.nz/

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