- News
- 31 July 2025
BOC Life 10th Golden Age Expo and Summit, hosted by the Golden Age Foundation with title sponsorship by BOC Group Life Assurance Company Ltd (BOC Life), held the opening ceremony today (31 July) in Hall 3FG of the Hong Kong Exhibition and Convention Centre. The Expo will take place for three consecutive days from 31 July to 2 August. The Opening Ceremony was officiated by Guest of Honour, Deputy Chief Secretary for Administration of the HKSAR Government, The Hon CHEUK Wing-hing, GBS, JP, along with community, political and business leaders from Hong Kong, Japan and the Philippines, witnessing the launch of the tenth anniversary celebrations. Focusing on the theme of "A Decade of Innovation, From Silver to Gold," this year's Expo includes nearly 200 booths showcasing the latest smart ageing technology, cross-border elderly care, financial services and golden-agers' life planning. In addition, the Summit will include more than 50 special topic forums and interactive workshops injecting innovative momentum into the development of the smart ageing industry and the shaping of a sustainable ageing society.Prof. Rebecca Choy Yung, Founder and Chair of Golden Age Foundation, says: "Over the past ten years, we've been growing along with the intelligent ageing industry to become a key platform for promoting the silver economy. We will continue to develop the limitless possibilities of a 100-year lifespan through cross-border collaboration, enhanced human resource empowerment and economic empowerment."Mr. Wilson Tang, Chief Executive of BOC Life, says, "At BOC Life, we believe Smart Ageing is not just about the quality and wellbeing of the elderly retirement lives, but a redefinition of ageing itself, with transformation spanning various dimensions – from retirement, healthcare, finance, community and cultural engagement, to also involve health management, cross generation family planning and support, wealth management, life style as well as broader societal trends."Marking its tenth anniversary, Golden Age Foundation will sign a memorandum of understanding with the multinational professional services network EY, the Hong Kong University of Science and Technology, and Shenzhen Wellbeing and Wellness Group Co., Ltd. to jointly explore a Bay Area Model of smart elderly care and to promote the development of the silver economy.Six Themed Exhibition Halls Showcase Innovative Products and ServicesThe Expo includes nearly 200 exhibits covering six major themes that comprehensively showcase innovative products, services and approaches for the ageing industry, to create a blueprint for the future lives of senior citizens.Wealth, Finance and Cross-border Retirement: BOC Life dedicated exhibition area presents a one-stop cross-border retirement experience offering diversified new options for cross-border elderly care; and a special "BOC Life Smart Ageing Zone" providing multi-faceted support and inspiration to senior citizens through themed seminars, interactive experience, and information sharing.LifestyleInnovative Ageing CareAge Friendly CommunityMedical and HealthDigital First “Golden Age E-Triathlon” with Contestants from Four Regions The Expo venue features a unique "Smart Ageing Sport Zone" with a variety of sports for senior citizens, incorporating digital interactive experiences to address consumers' pursuit of physical health, harnessing technology to encourage health and social interaction among the older generation, and promoting inter-generational digital inclusion. This year, the event will also host its inaugural "Golden Age E-Triathlon," combining virtual swimming, cycling and running. The competition has attracted more than 200 participants from Hong Kong, Japan, Taiwan and Singapore for the preliminary round, with 60 contestants advancing to the final round on-site. The venue will also feature interactive experiences such as e-mahjong and disco exercises that highlight an energetic golden-age lifestyle.Time Tunnel showcases the ten-year history of Golden Age Foundation as a pioneer in promoting the silver economy. Golden Age Foundation has promoted the development of a Smart Ageing City throughout this time, and has advocated for the contribution and potential of golden-agers to sustainable society, while also actively rewiring society's conceptions of retirement and "old age."Summit Draws Together Industry Leaders, Reviews a Decade of Transformation, Projects a Golden-age Future This year's summit features over 50 forums and interactive workshops, drawing leaders from the local and international political, business and academic sectors to construct a dialogue platform that spans policy, industry and international perspectives to discuss a future blueprint for the Smart Ageing industry. The opening forum, "A Decade of Innovation, From Silver to Gold", features keynotes speeches by Dr Arase Yasuko, Deputy Mayor of Fukuoka City, Japan, Mr. Wilson Tang, Chief Executive of BOC Life and Prof. Du Peng, Dean of the School of Population and Health at the Renmin University of China, for an in-depth analysis of transformations and industry innovations in the various places. The first day of the summit focuses on core issues such as "Innovation and Practice in Elder-Friendly Design" and "Rethinking and Restructuring Healthcare Financing Strategies". The summit invites Mr. Yue Chak-sang, Lawson, Assistant Director, New Buildings 1 Building Department, HKSAR Government, and Ms. Louise Bergholm, Consul General of Sweden" to Hong Kong and Macau, to discuss topics such as barrier-free design concepts and healthcare financing. In addition, Mr. Christopher Hui, GBS, JP, Secretary for Financial Services and the Treasury, HKSAR Government, Mr. Ho Kai-ming, JP, Under Secretary for Labour and Welfare, HKSAR Government, and Mr. Edward To Wing Hang, JP, Director of the Social Welfare Department, HKSAR Government, will also take part in the second and third days of the summit for in-depth discussions with mainland experts, industry leaders, representatives of social welfare organisations, and scholars on topics such as promoting the silver economy, the practical implementation of cross-border elderly care, innovative care support services, and the development of related industries. Distinguished guests at the opening ceremony for the BOC Life 10th Golden Age Expo and Summit span the government, business and academic sectors. They included Mr. Cheuk Wing-hing, GBS, JP, Deputy Chief Secretary for Administration, HKSAR Government; Dr Arase Yasuko, Deputy Mayor, Fukuoka City, Japan; Mr. Wilson Tang, Chief Executive, BOC Life; Prof Rebecca Choy Yung, Founding Chair, Golden Age Foundation; Dr Roy Chung Chi-ping, GBS, JP, Honorary President, Golden Age Foundation, and Founder and Chairman of the Bright Future Charitable Foundation; Dr Donald Li Kwok Tung, GBS, JP, Chairman of Elderly Commission, HKSAR Government, witnessing the grand opening ceremony of the BOC Life 10th Golden Age Expo and Summit. A group photo to celebrate the grand opening ceremony of the BOC Life 10th Golden Age Expo and Summit.Prof Rebecca Choy Yung, Founding Chair, Golden Age Foundation said, "Over the past ten years, we've been growing along with the intelligent ageing industry to become a key platform for promoting the silver economy. We will continue to develop the limitless possibilities of a 100-year lifespan through cross-border collaboration, enhanced human resource empowerment and economic empowerment."Mr. Wilson Tang, Chief Executive of BOC Life said, “At BOC Life, we believe Smart Ageing is not just about the quality and wellbeing of the elderly retirement lives, but a redefinition of ageing itself, with transformation spanning various dimensions – from retirement, healthcare, finance, community and cultural engagement, to also involve health management, cross generation family planning and support, wealth management, life style as well as broader societal trends.”
- News
- 25 July 2025
BOC Life Achieved Strong Business Growth in Q1 2025
BOC Group Life Assurance Company Limited (“BOC Life”) announced its first quarter performance with strong growth achieved. As of 31 March 2025, the standard premiums of new policies reached HK$8.77 billion, recorded a 15% year-on-year increase which marked a historical quarterly record of the company, underscores BOC Life’s leading position in Hong Kong’s life insurance market1. The company’s RMB-denominated insurance continued to be at the top of the market, with over 50% market share for more than a decade2. In addition, BOC Life ranked first in key performance parameters, including digital sales channels3, per capita productivity4 of its wealth management team, as well as its brokerage business5. The wealth management team made its debut in the Global Top 100 for Million Dollar Round Table (MDRT) membership6, and achieved the fastest MDRT year-on-year growth rate among Hong Kong insurers7. Wilson Tang, Chief Executive of BOC Life, said: “BOC Life continues to outperform the market while proactively capturing new opportunities. We have delivered solid investment returns, with dividend fulfilment rates remain the industry high. Some of our participating life insurance products have consistently achieved a 100% fulfilment ratio since launch. Going forward, we will capitalise the enormous opportunities brought by the Greater Bay Area (GBA) integration and the silver economy. Leveraging our ‘Insurance + Healthcare’ advantages, we are committed to championing the retirement financial market, offering premium cross-border solutions to foster high quality development and healthcare interoperability of GBA." On the product front, BOC Life’s multi-currency whole life products, such as “Glamorous Glow Global Whole Life Insurance Plan” and “Eternal Fortune Global Whole Life Insurance Plan” continue to achieve strong sales performance. The “IncomeJoy Lifelong Insurance Plan”, an income stream product launched at the end of last year, has already generated over HK$1 billion in new annualised premiums within just six months, has become a key growth driver for 2025. BOC Life’s online business maintains the top position in the market. During the tax season, BOC Life stepped up the promotion of Qualifying Deferred Annuity Policies (QDAP), tripled the online QDAP premiums year-on-year, with nearly half of which were from the new customers. BOC Life has simultaneously strengthened its “Bank + Insurance” synergy with Bank of China (Hong Kong), further expanding BOC Life’s reach leveraging the bank’s customer base, contributing to solid and sustainable business growth. Apart from enhancing multi-channel distribution, digital transformation as well as product and service offerings, BOC Life is addressing the challenges posed by ageing population through cross-sector collaboration to build healthcare ecosystems, to deliver high-quality “financial + non-financial” integrated retirement solutions. For wealth management products, the company will provide retirement annuity and income generation products, designed to create cash flow to meet customers’ retirement needs. The company will also develop products focusing on travel-based, home-based and institutional-based solutions, supporting the diverse needs of customers in different stages of their retirement journey. BOC Life will further enhance its “RetireCation” Experience Programme by expanding its network of destinations and strategic partners. New locations will be added to the RetireCation destinations, including Japan, South Korea, Thailand and other popular Southeast Asian countries, reinforcing the company’s global retirement strategy. In response to the growing trend of Hong Kong residents retiring in Mainland China, BOC Life is actively expanding collaborations with quality institutions across GBA and other Mainland cities to launch pilot cross-border retirement initiatives to address the rising demand for premium retirement solutions, offering customers a fulfilling retirement life, while fostering the development of the silver economy. 1. Based on the Insurance Authority’s “Quarterly Release of Provisional Statistics for Long Term Business” for the Frist Quarter of 2025 (“IA Q1 2025 Provisional Statistics”) (https://www.ia.org.hk/tc/infocenter/statistics/market_7_2025.html), standard premiums of new policies are calculated as the sum of annualised premiums and 10% of single premiums for direct individual new business.2. Based on the “Quarterly Release of Provisional Statistics for Long Term Business” published by the Insurance Authority from 2013 to Q1 2025, the market rankings are calculated using standard premiums of new policies for RMB insurance business.3. According to the Insurance Authority’s provisional statistics for the first quarter of 2025, standard premiums of new policies for new individual life insurance business classified under the “Direct Sales” channel are calculated as the sum of annualised premiums and 10% of single premiums.4. Based on (i) the number of tied agents recorded in the “HK Life Insurance Intermediary Monitor” published by the market research company “Pi Financial Services Intelligence” (as of 31 March 2025), and (ii) the direct individual new business (single premiums and annualised premiums) from the "Quarterly Release of Provisional Statistics for Long Term Business" issued by the Insurance Authority in the first quarter of 2025, whereas these figures are compared against BOC Life’s relevant internal data for the same period to derive a general statistical estimation. Per capita productivity is defined as the per capita standard premiums of new policies, calculated by dividing the total standard premiums of new policies by the number of tied agents, using Q1 2025 as the reference.5. According to the Insurance Authority’s provisional statistics for the first quarter of 2025, standard premiums of new policies for individual life insurance policies sold though the “Broker” Channel are calculated as the sum of annualised premiums and 10% of single premiums.6. Source: https://members.mdrt.org/zh-cht/about-MDRT/for-companies/top-100-companies-global/ (as at 21 July 2025)7. The growth rate of MDRT membership is calculated based on the comparison between the number of MDRT members in 2024 (reflecting 2023 performance) and 2025 (reflecting 2024 performance). Rankings of MDRT membership growth are derived from publicly available data of Hong Kong-based companies listed among the MDRT Global Top 100 in 2025, as well as internal data from BOC Life. Source: https://www.mdrt.org/about-MDRT/for-companies/ (As at 21 July 2025).
- News
- 27 June 2025
BOC Group Life Assurance Company Limited ("BOC Life") and St. James’ Settlement ("SJS") are joining forces to launch the 2025 Hong Kong Primary School Mobile Application Design and Drawing Contest. This cross-sector initiative marks a new milestone in STEAM education, aligning with the government’s Policy Address to enhance STEAM learning and nurture future innovators for a sustainable, smart Hong Kong. Enrolment is now open to all primary school students across the city, with generous scholarships and prizes available. The "BOC Life New Generation Financial and Technology Designers’ Programme – Sustainable Smart Hong Kong" Mobile Application Design and Drawing Contest for Hong Kong Primary Schools 2025 (“the contest”) is now inviting primary school students to showcase their creativity through either designing a mobile application or creating a drawing. All entries should focus on the theme of Sustainable Smart Hong Kong, with inspiration drawn from one of the three design directions: Smart City, Smart Ageing, or Smart Wellness. Students must submit their entries through their schools. The contest features two categories: Drawing contest for junior primary (P1–3) and mobile application design challenge for senior primary (P4–6). Students are encouraged to apply their STEAM (Science, Technology, Engineering, Arts, and Mathematics) knowledge to unleash their creativity and potential to curate sustainable smart Hong Kong.Each contest category will award Champion, First Runner-up, Second Runner-up, two Merit Awards and a Most Active Participation prize. The top three winners will receive BOC Life Scholarships worth HK$10,000, HK$6,000, and HK$4,000 respectively, along with exclusive study trip at Greater Bay Area and Ocean Park Giant Panda visit. Mr Wilson Tang, Chief Executive of BOC Life, shared: "The successful launch of this city-wide competition is the testament to cross-sector collaboration. Not only does it provide a platform for the younger generation to unleash their creativity and apply STEAM technology, but it also helps them explore the important roles that art and technological innovation play in empowering social sustainable development.” Ms Josephine Lee, Chief Executive Officer of St. James' Settlement, stated: "BOC Life has been a longstanding partner of St. James' Settlement, working together to provide underprivileged children with opportunities to learn STEAM skills and contribute to Hong Kong's development as a smart city. This year marks the 75th anniversary of St. James' Settlement, we are delighted to have this co-organised competition. Through the competition, we hope to enhance students’ understanding of STEAM and sustainable development, while giving them the chance to engage with and learn STEAM skills. By doing so, we aim to foster their logical thinking and problem-solving abilities, preparing them to thrive in the age of artificial intelligence.” Hong Kong primary schools are all invited to enrol for the contest. To help participants, organisers will hold specialized mobile application development workshops to boost students' programming skills and app knowledge. The enrolment deadline is Tuesday, 30 September 2025. For full contest details, please refer to the attached document, or visit the official website at https://sustainable-smarthk-contest2025.com/ Representatives of the organisers: Mr Wilson Tang, Chief Executive of BOC Life (second right); Ms Josephine Lee, Chief Executive Officer of St. James' Settlement (second left); Ms Vivienne Chiu, Chief Brand and Communications Officer of BOC Life (first right) and Mr Roz Ma, Senior Service Manager of St. James' Settlement (Charity Services) (first left), inaugurated the "BOC Life New Generation Financial and Technology Designers’ Programme – Sustainable Smart Hong Kong" Mobile Application Design and Drawing Contest for Hong Kong Primary Schools 2025.
- News
- 24 June 2025
BOC Life 10th Golden Age Expo and Summit Press Event
Please refer to Chinese version.
- News
- 23 May 2025
BOC Life wins Triple Gold Award at the Digital Accessibility Recognition Scheme 2024-2025
Please refer to Chinese version.
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