HDFC Click2Invest ULIP Plan: Features, Benefits & Review

HDFC Life Click2Invest is a Unit Linked Insurance Plan (ULIP) that combines investment with basic life insurance. On the surface, it looks promising—it’s low on charges, offers 16 market-linked fund options, and provides a digital buying experience. Unlike many traditional ULIPs, Click2Invest does away with premium allocation and policy administration charges, making it one of the more cost-efficient ULIPs in the market today.

But here’s the thing: ULIPs, by design, try to do two things simultaneously: offer life cover and help you build wealth. And in most cases, this dual approach comes with compromises on both fronts. At Ditto, we recommend keeping insurance and investments separate for better protection and higher returns.

So, does HDFC Click2Invest break that pattern? Is it a rare ULIP that delivers value without the usual trade-offs? Or are you better off with a term insurance + mutual fund strategy?

Let’s discuss the features, benefits, and limitations to help you decide.

Friendly reminder: It’s easy to get lost comparing policies and premiums. Instead of spending hours on it, why not get personalised insurance advice from Ditto? We offer free consultations with zero spam! Just 30 minutes to clarify all your doubts. So book a call now.

HDFC Click2Invest

In this comprehensive review, we’ll explore:

• A breakdown of HDFC Life’s Click2Invest, its core features, and how it compares with traditional ULIPs
• The coverage and investment breakdown will examine the plan’s life coverage, 16 fund options, charges, lock-in period, and investment flexibility.
• Key metrics to evaluate crucial performance indicators such as claim settlement ratio (CSR), solvency ratio, and customer service record.
• Comparison with alternatives to assess how HDFC Click2Invest stacks up against mutual funds + term insurance combinations and other low-cost ULIPs.

This review aims to provide a clear, balanced perspective on HDFC Life Click2Invest and guide you toward the best financial decision for your long-term investment and protection needs in 2025.

Quick Verdict on HDFC Click2Invest

If you’re looking for a cost-effective, long-term investment vehicle with built-in life cover, HDFC Click2Invest is a strong option. It’s ideal for investors comfortable with market-linked products who want to grow wealth over time without sacrificing insurance benefits.

It’s particularly compelling for:

• First-time ULIP buyers seeking transparency
• Long-term planners (10+ years) with defined life goals
• Digital-native customers who prefer to buy and manage policies online

However, as with any market-linked product, returns are not guaranteed, and fund performance matters, so fund selection and periodic review are crucial.

Click2Invest from HDFC Life: Brief Overview

Metric (Avg of 2021-24)	HDFC Life Metrics	Industry Metrics
Claim Settlement Ratio (Avg of 2021-24)	99.20%	Mean: 98.13%
Solvency Ratio (Avg 2021-24)	1.89	Mean: 2.0 (IRDAI specifies a minimum of 1.5 is acceptable)
Complaint Volume (Avg 2021-24)	2	Median: 15 per 10,000 claims
Amount Settlement Ratio (Avg of 2021-24)	93.90%	94.10%
Total Business Volume (Avg of 2021-24)	₹27,490 crore	Median: ₹3,018 crore
Amount Paid in Claims (Avg of 2021-24)	₹1,860 crore	Median: ₹254 crore

Takeaway: HDFC Life scores high on claim settlement and maintains a solid complaint redressal record, indicating reliable service. While its solvency ratio is slightly below the industry mean, it’s still comfortably above IRDAI’s mandated threshold (1.5).

Features	Details
Entry age	30 days(children can also take it) to 65 years
Maturity Age	Up to 75 years
Policy Term	5-40 Years
Lock-in Period	5 years (mandated for ULIPs by IRDAI)
Max Sum Insured	10 times the annualised premium
Payment Frequency	Annual, Monthly, Quarterly, Half-yearly
Premium Payment Term	Single Pay Limited: 5,6,7,8,9,10 years Regular: 5 to 40 years
Investment Funds	16 fund options — Each fund has its own Investment policy, based on asset allocation between equity, debt, and money market instruments.
Available Riders	HDFC Life Income Benefit on Accidental Disability Rider HDFC Life Protect Plus Rider

What is a ULIP?

A Unit Linked Insurance Plan (ULIP) is a hybrid product that combines life insurance with investment. A portion of your premium goes toward life cover, while the rest is invested in various funds (equity, debt, or balanced). However, the returns are subject to market risks, and the value of your investments can fluctuate.

Risks: ULIPs are subject to market risks, meaning returns are not guaranteed. You may also face high charges like fund management, mortality, and policy administration fees.

Should You Buy Click2Invest from HDFC Life

Click2Invest is a modern, low-cost Unit Linked Insurance Plan (ULIP) from HDFC Life that combines investment with life insurance. But is it the right choice for you? Let's evaluate it from both investment and insurance perspectives.

1) As an Investment Option (ULIP Perspective):

Click2Invest stands out among ULIPs because it has zero premium allocation and policy administration charges, making it far more cost-effective than traditional ULIPs. It also offers a complete digital experience and high-charge transparency.

However, we generally do not recommend ULIPs as an investment product. 

Here’s why: ULIPs combine insurance and investment, often leading to compromises on both fronts. The investment portion is subject to market risks, and returns are typically lower than what you can get by investing directly in mutual funds or index funds due to other charges like fund management fees and mortality charges.

A better approach would be to separate insurance and investment:

1. Buy a term insurance plan, which is significantly cheaper and provides a much higher life cover (20- 30x your annual income).
2. Invest the remaining amount in a low-cost mutual fund, which has the potential to generate higher returns over the long term.

So, while Click2Invest is a better ULIP than most, it may not match the efficiency of keeping insurance and investment separate. Also, before deciding, please go through the benefit illustration document carefully. 

2) As a Life Insurance Option

Click2Invest offers basic life cover, usually 10 times the annual premium. While this meets the regulatory minimum for a ULIP, it is rarely sufficient for genuine protection needs, especially if you have dependents.

Moreover, ULIPs offer limited protection. 

Let’s take an example:

1. Age: 30 years
2. Investment in ULIP: ₹1,00,000 per year
3. Max Life Cover in Click2Invest: 10 × annual premium = ₹10,00,000

That’s the maximum sum assured you’ll get: ₹10 lakh.

Now, let’s compare that with a term insurance plan, 

1. For a 30-year-old, a pure term plan offering ₹1 crore cover would cost just ₹12,000–14,000 annually.
2. That’s 10× more coverage for about 1/8th the cost of what you’re investing in ULIP.

Therefore, if your goal is robust financial protection for your family, a standalone term insurance plan is far more suitable. This is because term plans are:

1. More affordable
2. Offer much higher coverage
3. Provide pure protection, without mixing it with investment

So, while Click2Invest includes life cover, it should not be considered a substitute for proper life insurance.

Add-ons/Riders in HDFC Click2Invest

Riders are additional benefits that can be added to your insurance policy to improve its coverage. With HDFC Click2Invest, you have access to a couple of valuable riders that offer financial protection against unforeseen events:

1) HDFC Life Income Benefit on Accidental Disability Rider

This rider provides a monthly income if the policyholder suffers an accidental disability. The key benefits include:

Monthly Income: 

If an accident results in a disability, this rider ensures a fixed monthly income of 1% of the rider's sum assured to the policyholder for the next 10 years. This income can act as a financial cushion during the recovery phase, especially if the disability impacts the policyholder's ability to earn.

This rider is handy for individuals who want to ensure that they can maintain a steady income stream to cover their expenses in the unfortunate event of an accident.

2) HDFC Life Protect Plus Rider

This rider improves the base life insurance coverage provided under the Click2Invest plan. The key features include:

This rider offers financial protection by providing a proportion of the Rider Sum Assured in the event of:

• Accidental Death
• Accidental Partial or Total Permanent Disability
• Diagnosis of Critical Illness such as Cancer

The Protect Plus Rider is an excellent option for individuals who want more comprehensive life insurance coverage to safeguard against accidental disabilities and critical illnesses.

Adding the Income Benefit on the Accidental Disability Rider and the Protect Plus Rider to your HDFC Click2Invest policy can improve your life insurance plan's overall value and security. Additionally, these riders are also available with the popular term plan from HDFC Life - Click2Protect Super.

What’s Unique About the Click2Invest from HDFC Life

Click2Invest is a Unit Linked Insurance Plan (ULIP) designed for modern investors who seek transparency, low charges, and digital convenience. It offers a simplified, cost-effective way to invest in market-linked returns while securing life coverage.

1) Zero Allocation and Admin Charges

Unlike most ULIPs, Click2Invest does not levy allocation or policy administration charges. This ensures that more of your premium goes directly into investments, enhancing potential returns.

2) Choice of 16 Fund Options

HDFC Life Click2Invest offers one of the widest fund selections in the ULIP category, allowing investors to align their portfolios with their risk appetite and financial goals.

3) 100% Digital Purchase and Management

Click2Invest is designed for a fully digital experience, from policy purchase to fund switching, making it one of the few ULIPs offering complete online operability without the need for agents.

4) Single and Limited Pay Options with Flexibility

HDFC Life Click2Next offers flexible premium payment options, including single and limited pay, catering to investors who prefer not to commit to long-term regular premiums.

5) Unique Add–ons and Features

As covered in our add-ons section, Click2Invest includes unique rider options and add-ons that improve its utility, providing extra protection and customization that are not typically available in standard ULIPs.

Click2Invest is tailored for individuals seeking a cost-efficient, transparent, fully digital ULIP. With the backing of a top-rated insurer and customer-friendly features, it combines investment growth with life cover in a modern and efficient way.

Ditto’s Take on HDFC Click2Invest

HDFC Click2Invest is one of the better ULIPs—transparent, low on charges, and backed by a solid insurer. But despite its advantages, it still has the core limitation of most ULIPs: low life cover relative to the premium.

For example, even if you pay ₹1 lakh annually, your life cover typically maxes out at ₹10 lakh. That’s often not enough, especially if you have financial dependents. Most individuals today need a cover of ₹1–3 crore for adequate protection, and ULIPs aren't built to deliver that affordably.

That’s why, in most cases, term insurance is a far better option. It offers:

• Significantly higher life cover
• Lower premiums
• Pure protection without mixing investment goals

We recommend keeping insurance and investments separate. ULIPs try to do both, but that often leads to compromises on returns and coverage.

As a platform focused on helping people make better insurance decisions, our view is simple: if your goal is financial protection for your family, a term plan does it better. We've also compiled the best term insurance plans in 2025 so you can make a clear, informed choice.

Comparison - 

Aspect	ULIPs	Mutual Funds + Term Insurance Plan
Product Type	Single product combining insurance + investment	Two separate products: pure investment + pure insurance
Life Cover	Included within the same plan	Term insurance provides high life cover separately
Charges	Higher overall charges (fund management + mortality + admin + allocation charges)	Lower total charges (term insurance premiums low + mutual fund expense ratio)
Flexibility	Switching funds is possible but limited and sometimes costly	Full flexibility to choose any mutual fund or insurance separately
Lock-in Period	Minimum 5 years lock-in	Mutual funds (except ELSS) have no lock-in; term plan premiums are typically annual
Returns Potential	Potentially lower net returns due to higher charges	Generally, higher net returns from mutual funds are due to lower costs
Insurance Cover Quality	Moderate, limited by sum assured chosen in ULIP (Usually 10x annual premiums)	High coverage is available at a very low cost via term insurance
Tax Benefits	Premiums qualify under 80C; maturity proceeds usually tax-free under 10(10D)	Term insurance premiums are eligible under 80C; Mutual fund tax benefits depend on the type (ELSS under 80C; others are taxed as capital gains)
Complexity	A single policy is easier but somewhat complex in terms	Requires managing two products, but a simpler understanding of each
Suitability	Suitable for investors who want an all-in-one plan and are okay with moderate charges	Better for investors wanting optimized life cover and higher investment returns, with flexibility to manage separately

Best Term Plans in 2025

With evolving life stages, rising costs, and increasing uncertainties, having a comprehensive term plan ensures that your loved ones are protected, even in your absence. In 2025, insurers have improved their offerings with more flexible benefits, improved claim processes, and rider options that provide coverage beyond death protection. Whether you're a first-time buyer or looking to upgrade an existing policy, this list of the best term insurance plans in 2025 will help you compare features, premiums, and added benefits to make an informed choice tailored to your financial goals and responsibilities.

Note: For premium comparison, we’ve taken the example of a 30-year-old salaried male, non-smoker, living in Delhi, with a 35-year term insured for a sum of ₹1 Cr.

Insurance Plan	Premiums	Coverage and Riders
Axis Max Life Insurance Smart Term Plan Plus	First Year: ₹11,960.77* Second Year Onwards: ₹14,071	Accidental Death Benefit, Critical Illness Cover (64 illnesses), Regular or Smart Cover (1.5X coverage for first 15 years), Women's Perks (Lifeline Plus & Maternity Cover), Waiver of Premium on Disability or Critical Illness, Zero-Cost Exit Option, No Inflation-linked Top-Up
Bajaj Allianz Life eTouch II	First Year: ₹12,568* Second Year Onwards: ₹13,370	Accidental Death Benefits, Life Stage Benefit (increased coverage after marriage/childbirth), Critical Illness Coverage (60 illnesses), Critical Illness Rider (60 conditions), Waiver of Premium on Permanent Disability (accident-related), Zero Cost Option
TATA AIA Sampoorna Raksha Promise	First Year: ₹11,714* Second Year Onwards: ₹13,000	Accidental Death Benefit, Critical Illness Coverage (40 illnesses), Total Permanent Disability, Critical Illness Rider (40 illnesses), Waiver of Premium on Critical Illness/Permanent Disability, Life Stage Benefit, Partial Terminal Illness Payout
ICICI Prudential iProtect Smart	First Year: ₹12,909* Second Year Onwards: ₹14,343	Accidental Death Benefits, Life Stage Benefit (increased coverage after milestones like marriage/childbirth), Terminal Illness Payout, Critical Illness Cover (34 illnesses), Zero Cost Option, Waiver of Premium on Permanent Disability (accident-related)
HDFC LIFE Click 2 Protect Super	First Year: ₹15,498.95* Second Year Onwards: ₹16,315	Accidental Death Benefits, Disability & Critical Illness Waiver, Total Permanent Disability, Inflation-linked cover, Critical Illness Cover (60 illnesses, 90-day waiting period), Terminal Illness Benefit, Return of Premium Option.

Disclaimer: The data is indicative as premiums are subject to periodic revision and vary with age, medical history, smoking/tobacco consumption habits. Please verify the latest premiums for accuracy.

Why Buy Term Insurance Through Ditto?

At Ditto, we’ve assisted over 7,00,000 customers with choosing the right insurance policy. Why customers like Piyush below love us:

✅No-Spam & No Salesmen

✅Rated 4.9/5 on Google Reviews by 12,000+ happy customers

✅Backed by Zerodha

✅100% Free Consultation

You can book a FREE consultation here. Slots are filling up quickly, so book a call now.

Conclusion

HDFC Click2Invest is a clean, simple, and cost-efficient ULIP tailored for long-term investors who don’t want to lose out on insurance benefits. With its no-allocation-charge structure, digital buying process, and solid insurer reputation, it’s one of the better ULIP options in 2025.

However, ensure you’re comfortable with market-linked risks and don’t expect guaranteed returns. A separate term plan is advisable for those seeking more robust life cover.

Frequently Asked Questions: HDFC Click2Invest