Insurance company BOC Life announced on Friday that its business performance in the first half of this year recorded a 34 percent year-on-year growth.

As of June 30, its standard premiums from new policies amounted to HK$14,831 million, setting a new historical record, according to a press release.

The company’s RMB insurance business achieved a market share exceeding 50 percent.

BOC Life’s digital channel also saw robust growth, with standard new premiums more than doubling year-on-year, surpassing the full-year growth of 2024.

Its tied agency channel maintained the No. 1 position in market per-capita productivity, while standard premiums from the broker channel rose by 83 percent year-on-year in the first half of 2025.

Wilson Tang, chief executive of BOC Life, said the company, as a pioneer in the retirement financial market, will further enhance the “retirecation”, cross-border and home-based retirement pillars.

“We will continue leveraging our  'Bank+Insurance' and 'Insurance +Healthcare' advantages and enhance multi-channel and cross-sector collaboration in building a comprehensive retirement ecosystem while fostering the development of the silver economy and Greater Bay Area's interoperability with innovative retirement financial and service model,” he added.

In September, the company announced an upgrade to its "retirecation" program, expanding the range of "retirement living bases" to offer a more diverse and fulfilling experience for Hong Kong’s aging population.

Launched in November last year, the first phase of the program provided "retirement living bases" in 18 cities on the Chinese mainland, including nine in the GBA.

This year’s enhancement broadens the scope to another seven Asian countries, including Japan, South Korea, and Thailand.