BOC Life Achieved Record-Breaking Results Across Multiple Channels in 2025 Deepening Retirement Ecosystem to Lead One-Stop Integrated Retirement Solutions

BOC Group Life Assurance Company Limited (“BOC Life”) today announced strong  annual business performance for 2025. As at 31 December 2025, standard new business premiums amounted to HK$25.862 billion, representing a year-on-year increase of approximately 50%, marking a new record high for the Company. Driven by its multi-channel distribution channels, BOC Life continued its leading position in Hong Kong’s life insurance market for years¹, reflecting the strength and competitiveness of its diversified distribution model : 

• The RMB insurance business maintained its No. 1 market position for over a decade, with a market share exceeding 50%²;
• The direct sales channel business ranked first in the market, with new standard premiums surpassing its full year 2024 performance³;
• The tied agency channel sustained its top-ranking per-capita productivity in the market⁴. Both standard new premiums and the number of tied agents reached  record highs⁵. The number of Million Dollar Round Table (MDRT) qualifiers also hit a new high, representing a year on year increase of 60%⁶;
• The broker channel business doubled year-on-year, achieving a new record high⁷;

• The bancassurance channel ranked among the top players in the market⁸.

   

Mr. Wilson Tang, Chief Executive of BOC Life, said: “BOC Life has fully leveraged the strengths of its multi-channel strategy, delivering outstanding results across the digital, bancassurance, tied agency, wealth management team, and broker channels. Through seamless collaboration with Bank of China (Hong Kong), we have capitalised on the synergies of its integrated ‘Bank + Insurance’ strength, reinforcing our competitive edge powered by the diversified distribution channels. 

In response to the challenges arising from an ageing population, BOC Life further strengthened its retirement ecosystem in 2025 through three core non-financial retirement service pillars, namely “Retirecation”, “Cross-border Retirement”, and “Home-based retirement”. The Company collaborated with leading retirement service providers across industries and regions to integrate a “Financial + Non-Financial” business model. This delivers comprehensive “Integrated Financial Products + Diversified Retirement Services” solutions that support senior customers throughout different stages of retirement.”

In 2025, BOC Life launched the market first “Retirecation” Experience Programme. Together with strategic partners, the Company expanded its retirement footprint from the Greater Bay Area and premier Mainland cities to 30 curated retirement destinations across seven countries in Asia. The Company also continued to enhance its legacy planning and diversified wealth management solutions for high net worth and cross border customers. Key product initiatives included the launch of “Prosperity Wealth Advance Policy Instruction”, offering up to 12 death benefit settlement options across five protection plans, namely “Glamorous Glow Global Whole Life Insurance Plan”, “Eternal Fortune Global Whole Life Insurance Plan”, “IncomeJoy Lifelong Insurance Plan”, “Assure Together Global Whole Life Insurance Plan”, and “Forever Legacy Whole Life Insurance Plan II”. Backed by strong investment capabilities and solid long term performance, these solutions provide customers with comprehensive and high quality wealth legacy planning support.

Mr. Tang added: “As a pioneer in retirement financial services, BOC Life recognises the evolving retirement needs across different life stages. Under Bank of China’s ‘BOC Silver Age’ retirement financial branding strategy, we remain committed to developing innovative products and services that address the diverse needs of our customers. We will also deepen cross sector collaboration to capitalise on opportunities arising from the silver economy and contribute to addressing the challenges of an ageing population.”

^Remarks:

^{1. Based on the standard new business premiums for direct individual new business in the “Quarterly Release of Provisional Statistics for Long Term Business” published by the Insurance Authority (IA) for 2025 (statistics for 2025 are referred to as the “IA’s 2025 Provisional Statistics”) (https://www.ia.org.hk/en/infocenter/statistics/market_7_2025.html). The standard new business premiums are defined as the sum of the annualised premiums and 10% of single premiums of new business.}

^{2. Based on the standard new business premiums for direct individual new business issued in RMB in the “Quarterly Release of Provisional Statistics for Long Term Business” published by IA from 2013 to 2025. The standard new business premiums are defined as the sum of the annualised premiums and 10 % of single premiums of new business.}

^{3. Based on the standard new business premiums for direct individual new business sold through the “Direct sales” channel in the IA’s 2025 Provisional Statistics. The standard new business premiums are defined as the sum of the annualised premiums and 10 % of single premiums of new business.}

^{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 Dec 2025), and (ii) the standard new business premiums for direct individual new business sold though the “Agents” channel as stated in the IA’s 2025 Provisional Statistics, 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 new business premiums, calculated by dividing the total standard new business premiums by the number of tied agents, using the data of 2025 as the reference. The standard new business premiums are defined as the sum of the annualised premiums and 10% of single premiums of new business.}

^{5. A statistical assessment based on a comparison with BOC Life’s relevant internal data.} 

^{6. The growth rate of MDRT qualifiers in 2025 is based on BOC Life’s internal data, comparing the number of agents who met the MDRT qualification requirements in 2024 (based on the eligibility of 2025 MDRT membership) with those who met the MDRT qualification requirements in 2025 (based on the eligibility of 2026 MDRT membership). The growth rate of MDRT is based on internal figures of BOC Life on the number of MDRT members in 2026 (based on the eligibility of 2024 performance) and the number of MDRT members in 2025 (based on the eligibility of 2025 performance).}

^{7. Based on the standard new business premiums for direct individual new business sold through the “Brokers” channel, as stated in the IA’s 2025 Provisional Statistics. The standard new business premiums are defined as the sum of the annualised premiums and 10 % of single premiums of new business.} 

^{8. Based on the standard new business premiums for direct individual new business sold through the “Bancassurance” channel, as stated in the IA’s 2025 Provisional Statistics. The standard new business premiums are defined as the sum of the annualised premiums and 10 % of single premiums of new business.}