HDFC Click 2 Achieve Par Advantage Plan: Good or Bad? A Detailed Review

Listen to this article

Can the HDFC Click 2 Achieve Par Advantage Plan help you achieve your long-term financial goals, or should you explore better alternatives?

Is the HDFC Click 2 Achieve Par Advantage Plan the key to securing your future, or are there hidden drawbacks you need to know?

Does the HDFC Click 2 Achieve Par Advantage Plan truly balance protection and returns, or is it falling short of expectations?

In this review, we will explore its features, benefits, and drawbacks in detail.

What is the HDFC Click 2 Achieve Par Advantage Plan?

HDFC Click 2 Achieve Par Advantage Plan is an Individual Non-Linked, Participating, Savings Life Insurance Plan.

It offers financial security to your family and guaranteed pay-outs during the Policy Term.

HDFC Life Click 2 Achieve Par Advantage review shows that this plan is suitable for investors seeking structured savings with optional flexibility, making it more than just a regular life insurance product.

What are the features of the HDFC Click 2 Achieve Par Advantage Plan?

Customize your plan by selecting any combination from five available options to suit your future needs.
Option to add an additional life cover for your spouse.
The Premium Offset feature lets you adjust your premium payments using cash bonuses and/or guaranteed payouts, where applicable.
Convert part or all of your cash bonus into Paid-Up Additions for enhanced benefits.
Choose to accumulate your cash bonus and/or guaranteed pay-outs and withdraw them as a lump sum when needed.
Potential tax benefits may be available as per prevailing tax laws.

HDFC Life Click 2 Achieve plan benefits may provide tax exemptions under the Income Tax Act, making it efficient for wealth planning.

Who is eligible for the HDFC Click 2 Achieve Par Advantage Plan?

What are the plan options in HDFC Click2 Achieve Par Advantage Plan?

1.Lumpsum

Offers a guaranteed lump sum payable at maturity along with an additional non-guaranteed benefit in the form of a regular reversionary bonus (if any) and a terminal bonus (if any).

HDFC Click 2 Achieve lump sum review highlights the plan’s advantage for long-term wealth creation and secure returns.

2.Balanced Income

Offers a guaranteed lump sum payable at maturity along with an additional non-guaranteed benefit in the form of a regular cash bonus (if any) and terminal bonus (if any).

It enables higher accumulation by providing more weightage to the lump sum payable on maturity.

The regular cash bonus (if any) shall be payable during the pay-out period.

Click 2 Achieve Balanced Income plan option provides both immediate income and long-term accumulation for better financial planning.

3.Early Income

Offers a regular cash bonus (if any) during the pay-out period.

In addition, there will be a guaranteed lump sum payable at maturity along with a terminal bonus (if any).

HDFC Click 2 Achieve early income review shows it is ideal for policyholders needing interim cash flow during the policy term.

4.Enhanced Income

Offers a regular cash bonus (if any) during the pay-out period, with cash bonus linked to increasing multiple of Sum Assured on Maturity.

In addition, there will be a guaranteed lump sum payable at maturity along with a terminal bonus (if any).

Click 2 Achieve Enhanced Income plan offers growing benefits over time, as highlighted in the HDFC Click 2 Achieve Par Advantage brochure.

5.Guaranteed Income

Offers a guaranteed pay-out of 10% of the Basic Sum Assured, payable every year during the pay-out period.

In addition, it offers non-guaranteed benefits in the form of regular cash bonuses (if any) during the pay-out period and terminal bonus (if any).

HDFC Click 2 Achieve guaranteed income plan ensures steady pay-outs, making it suitable for risk-averse policyholders.

What are the benefits of the HDFC Click2 Achieve Advantage Plan?

A)Death benefit

The Death Benefit payable shall be the highest of the following for each option:

Lumpsum:

a. Sum Assured on Death plus accrued Reversionary Bonus (if any) plus Interim Reversionary Bonus (if any) plus Terminal Bonus (if any)

b. 105% of Total Premiums Paid as on the date of death

Balanced Income, Early Income and Enhanced Income:

In addition to the Accrued cash bonus, as applicable (if not paid earlier), the following shall be payable on death

a. Sum Assured on Death Plus Interim Cash Bonus (if any) plus Terminal Bonus (if any)

b. 105% of Total Premiums Paid as on the date of death

Guaranteed Income:

In addition to the Accrued Cash Bonus and/or guaranteed pay-out, as applicable (if not paid earlier), the following shall be payable on death

a. Sum Assured on Death Plus Interim Cash Bonus (if any) plus Terminal Bonus (if any)

b. 105% of Total Premiums Paid as on the date of death

Where Policy Continuance Benefit (PCB) is opted (for all options)

Policy Continuance Benefit (PCB) – Get Waiver of future premium on death of Life Assured + Get Death Benefit as Lumpsum immediately + Future benefits continue to nominee or survivor.

HDFC Click 2 Achieve death benefit provides peace of mind by protecting your family financially, while survival benefits encourage disciplined savings.

B)Survival benefit

On survival of the Life Assured during the HDFC Click 2 Achieve Par Advantage Plan Policy Term, the following shall be payable as Survival Benefit x

Lumpsum:

Not applicable under this option

Balanced Income and Early Income:

Survival Benefit shall be equal to: Sum Assured on Maturity X Cash Bonus Rate (if any)

Enhanced Income:

For each Policy year after the end of the deferment period, the survival benefit shall be equal to: Sum Assured on Maturity X (1+Increase Factor X Cash Bonus Rate (if any) Where, Increase Factor = (Policy Year – Deferment Period – 1) X 10%

Guaranteed Income:

Basic Sum Assured X Cash Bonus rate plus Guaranteed Pay-out where, Guaranteed Pay-out = Basic Sum Assured X 10%

C)Maturity benefit

On survival of Life Assured till the end of HDFC Click 2 Achieve Par Advantage Plan Policy Term, the following shall be payable as Maturity Benefit for the below plan option

Lumpsum:

Sum Assured on Maturity plus
Accrued Reversionary Bonus (if any) plus
Interim Reversionary Bonus (if any) plus
Terminal Bonus (if any)

Where PCB is opted and the death benefit is paid out before maturity, the accrued Reversionary Bonus shall only include the bonus added after the date of death

Balanced Income, Early Income and Enhanced Income:

In addition to the Accrued cash bonus, as applicable, the following shall be payable

Sum Assured on Maturity plus
Interim Cash Bonus (if any) plus
Terminal Bonus (if any)

Guaranteed Income:

In addition to Accrued cash bonus and/or guaranteed pay-out, as applicable, the following shall be payable

Sum Assured on Maturity plus
Interim Cash Bonus (if any) plus
Terminal Bonus (if any)

Click 2 Achieve Par Advantage maturity benefit ensures accumulated bonuses are payable at policy end, optimizing wealth creation.

HDFC Click 2 Achieve Par Advantage Rider Benefits

HDFC Click 2 Achieve Par Advantage Plan allows policyholders to enhance their coverage through optional rider benefits, giving extra protection beyond the base policy.

These riders are particularly useful for those looking to combine insurance security with additional safeguards for unforeseen events.

Some of the most popular riders available under this plan include:

i. Accidental Death Benefit Rider:
This rider provides an additional pay-out to the nominee if the policyholder passes away due to an accident.

It complements the Death Benefit of HDFC Click 2 Achieve Par Advantage and ensures financial stability for the family in case of unexpected tragedies.

ii. Critical Illness Rider:
Policyholders can opt for coverage against major illnesses such as cancer, heart attack, or kidney failure.

This rider pays a lump sum on diagnosis, which can be used to cover medical expenses without disrupting the survival benefit or maturity pay-outs of the base plan.

iii. Waiver of Premium Rider:
In case of total and permanent disability, this rider waives all future premiums while keeping the policy active.

This ensures that the policyholder continues to receive maturity benefits and survival pay-outs, protecting long-term financial goals.

iv. Joint Life Rider:
Some variants offer a Joint Life Policy Continuity Benefit, covering the spouse along with the main life assured.

This industry-first feature ensures that if the primary policyholder passes away, the policy continues for the spouse, with benefits aligned to the original plan.

Opting for these riders involves an additional premium, but they significantly enhance the overall protection offered by HDFC Click 2 Achieve Par Advantage.

They are particularly recommended for individuals looking to combine wealth accumulation, life cover, and risk mitigation in a single plan.

By integrating riders, policyholders can structure a customized HDFC Click 2 Achieve Par Advantage plan that balances both financial security and investment flexibility, making it suitable for evolving needs such as health emergencies, accidental contingencies, or family protection.

Grace Period, Lapse and Paid-up Policy and Revival of HDFC Click 2 Achieve Par Advantage Plan

Grace Period

You get a grace period of 15 days for a monthly frequency of premium payment and 30 days for other frequencies to pay the premium without any penalty

Lapse and Paid-up Policy

The policy shall acquire a Surrender Value immediately on the payment of a Single Premium in case of a Single Premium policy and after completion of the first policy year, provided one full-year premium has been received in case of a Limited/Regular premium policy.

If a due premium is unpaid upon the expiry of the grace period, the policy shall lapse if it has not acquired a Surrender Value, and all the benefits shall cease, and nothing is payable on death, maturity or surrender

If a due premium is unpaid upon the expiry of the grace period, it becomes reduced paid-up if it has acquired a Surrender Value.

Once the HDFC Click 2 Achieve Par Advantage Plan policy becomes paid up, the survival and death benefit pay-outs shall reduce proportionately.

Revival

If your HDFC Click 2 Achieve Par Advantage Plan Policy has been discontinued due to non-payment of the premium, it will be revived/ restored within five years from the due date of the first unpaid Premium and before the expiry of the Policy Term.

HDFC Click 2 Achieve paid-up policy option allows reduced benefits without complete loss, while the Click 2 Achieve revival feature provides a second chance for policyholders who missed premiums.

Free Look Period of HDFC Click 2 Achieve Par Advantage Plan

In case you are not agreeable to the any of the policy terms and conditions, you have the option of returning the policy within 30 days from the date of receipt of the policy, as per IRDAI (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024, as modified from time to time.

HDFC Click 2 Achieve free look period ensures policyholders can review the plan terms, and Click 2 Achieve surrender value helps access funds when needed.

Surrendering HDFC Click 2 Achieve Par Advantage Plan

The policy shall acquire a Surrender Value immediately on the payment of a Single Premium and after completion of the first policy year provided upon one full year premium has been received in case of a Limited/Regular premium policy.

The Surrender Benefit applicable under the HDFC Click 2 Achieve Par Advantage Plan policy during the policy term will be the higher of GSV (Guaranteed Surrender Value) and SSV (Special Surrender Value).

What are the advantages of the HDFC Click 2 Achieve Par Advantage Plan?

Flexibility to modify both premium payment frequency and pay-out frequency.
After completing the first five policy years, you can reduce the premium by up to 50% of the original annualized premium.
Choose a ‘Special Date’ to receive your cash bonus and/or guaranteed pay-outs as per your preference.
Option to receive the death benefit in instalments over 5 to 15 years instead of a lump sum.
Policy loans are available, up to a maximum of 80% of the surrender value.
Enhance your coverage by adding rider options with an additional premium.

HDFC Click 2 Achieve Par Advantage flexibility supports financial planning according to cash flow and investment strategy.

Click 2 Achieve Par Advantage rider benefits enhance coverage and adapt to changing financial needs.

What are the disadvantages of the HDFC Click 2 Achieve Par Advantage Plan?

Annual survival benefits interrupt the power of compounding.
Choosing a shorter deferment period for survival benefits reduces the maturity pay-out.
The sum assured may not be sufficient.
Survival benefits often lead to discretionary spending.

HDFC Click 2 Achieve survival benefit review cautions that interim pay-outs may impact total maturity value.

Click 2 Achieve Par Advantage plan caution advises disciplined usage to maximize benefits.

Research Methodology of HDFC Click 2 Achieve Par Advantage Plan

The HDFC Click 2 Achieve Par Advantage Plan offers regular cash flow through survival benefits and a lump sum pay-out at maturity, which can be customized based on individual preferences.

However, these benefits are non-guaranteed as they depend on bonuses.

To assess the potential return, let’s calculate the Internal Rate of Return (IRR) based on a quote from the portal.

HDFC Life Click 2 Achieve Par Advantage IRR analysis helps investors evaluate potential returns and compare them with other investment options.

Benefit Illustration – IRR Analysis of HDFC Click 2 Achieve Par Advantage Plan

A 35-year-old male opts for the plan with a sum assured of ₹10 lakhs, a policy term of 20 years, and a premium-paying term of 10 years.

The annual premium is ₹1.5 lakh.

From the 11th to the 20th year, he receives an annual survival benefit, followed by a maturity pay-out at the end of the policy term.

Male	35 years
Sum Assured	₹ 16,50,000
Policy Term	20 years
Premium Paying Term	10 years
Annualised Premium	₹ 1,50,000

The illustration assumes two possible return scenarios, 4% p.a. and 8% p.a., which are neither guaranteed nor indicative of the upper or lower limits.

		At 4% p.a.		At 8% p.a.
Age	Year	Annualised premium / Maturity benefit	Death benefit	Annualised premium / Maturity benefit	Death benefit
35	1	-1,50,000	16,50,000	-1,50,000	16,50,000
36	2	-1,50,000	16,50,000	-1,50,000	16,50,000
37	3	-1,50,000	16,50,000	-1,50,000	16,50,000
38	4	-1,50,000	16,50,000	-1,50,000	16,50,000
39	5	-1,50,000	16,50,000	-1,50,000	16,50,000
40	6	-1,50,000	16,50,000	-1,50,000	16,50,000
41	7	-1,50,000	16,50,000	-1,50,000	16,50,000
42	8	-1,50,000	16,50,000	-1,50,000	16,50,000
43	9	-1,50,000	16,50,000	-1,50,000	16,50,000
44	10	-1,50,000	16,50,000	-1,50,000	16,50,000
45	11	0	16,50,000	0	16,50,000
46	12	32,142	16,50,000	1,12,736	16,50,000
47	13	32,142	16,50,000	1,12,736	16,50,000
48	14	32,142	16,50,000	1,12,736	16,50,000
49	15	32,142	16,50,000	1,12,736	16,50,000
50	16	32,142	16,50,000	1,12,736	16,50,000
51	17	32,142	16,50,000	1,12,736	16,50,000
52	18	32,142	16,50,000	1,12,736	16,50,000
53	19	32,142	16,50,000	1,12,736	16,50,000
54	20	32,142	16,50,000	1,12,736	16,50,000
55		19,86,060	16,50,000	25,84,094	16,50,000

	IRR	2.83%		6.40%

At a 4% return, the annual survival benefit is ₹32,142, and the final maturity value is ₹19.53 lakhs, resulting in an IRR of 2.83% as per the HDFC Click 2 Achieve Par Advantage Plan maturity calculator.

At an 8% return, the annual survival benefit is ₹1,12,736, and the final maturity value is ₹24.71 lakhs, yielding an IRR of 6.40% as per the HDFC Click 2 Achieve Par Advantage Plan maturity calculator.

Although the 8% scenario may seem appealing, a 20-year investment horizon demands better returns.

Over time, the final maturity value may fall short of meeting the inflated cost of your goals, and the survival benefit will lose purchasing power.

HDFC Click 2 Achieve Par Advantage review indicates that non-guaranteed bonuses may affect long-term wealth creation.

Ultimately, neither the survival benefit nor the maturity pay-out provides meaningful financial support.

The plan may lead to a shortfall in the required corpus, disrupting your financial goals.

HDFC Click 2 Achieve Par Advantage Plan Vs. Other Investments

Now, let’s compare these figures with alternative investment options.

For consistency, we will use the same assumptions as in the previous benefit illustration—a sum assured of ₹16.5 lakhs, a policy term of 20 years, and a premium-paying term of 10 years.

Similarly, we will consider a similar survival benefit and maturity pay-out as projected in the 8% scenario of the HDFC Click 2 Achieve Par Advantage Plan.

HDFC Click 2 Achieve Par Advantage Plan Vs. Pure-term + ELSS

With a pure-term life insurance policy, the cost would be ₹13,700 per year, leaving ₹1,36,300 annually for investment.

This amount will be allocated to generate both regular income and a final maturity benefit.

Click 2 Achieve Par Advantage vs ELSS analysis shows that alternative investments can often outperform traditional participating plans in terms of IRR.

Pure Term Life Insurance Policy
Sum Assured	₹ 16,50,000
Policy Term	20 years
Premium Paying Term	10 years
Annualised Premium	₹ 13,700
Investment	₹ 1,36,300

For the first 10 years, the investment is directed into an ELSS fund to accumulate wealth.

The pre-tax corpus grows to ₹26.78 lakhs, and after capital gains tax, the post-tax maturity value stands at ₹25.30 lakhs (refer to the tax calculation below).


Age	Year	Term Insurance premium + ELSS	Death benefit
35	1	-1,50,000	16,50,000
36	2	-1,50,000	16,50,000
37	3	-1,50,000	16,50,000
38	4	-1,50,000	16,50,000
39	5	-1,50,000	16,50,000
40	6	-1,50,000	16,50,000
41	7	-1,50,000	16,50,000
42	8	-1,50,000	16,50,000
43	9	-1,50,000	16,50,000
44	10	-1,50,000	16,50,000
45	11	0	16,50,000
46	12	1,12,736	16,50,000
47	13	1,12,736	16,50,000
48	14	1,12,736	16,50,000
49	15	1,12,736	16,50,000
50	16	1,12,736	16,50,000
51	17	1,12,736	16,50,000
52	18	1,12,736	16,50,000
53	19	1,12,736	16,50,000
54	20	1,12,736	16,50,000
55		35,32,126	16,50,000

	IRR	7.98%

ELSS Tax Calculation
Maturity value after 10 years	26,78,920
Purchase price	13,63,000
Long-Term Capital Gains	13,15,920
Exemption limit	1,25,000
Taxable LTCG	11,90,920
Tax paid on LTCG	1,48,865
Maturity value after tax	25,30,055

The accumulated ₹25.30 lakh corpus is then reinvested at a 7% return, generating an annual withdrawal of ₹1.12 lakhs for the next 10 years—matching the survival benefits of the HDFC Click 2 Achieve Par Advantage Plan.

At the end of the 20-year term, the remaining investment is fully withdrawn, yielding a final maturity value of ₹35.32 lakhs.

The IRR for this structured cash flow is 7.98%.

Click 2 Achieve HDFC Life one-pager highlights the potential benefits of combining term insurance with ELSS for better wealth accumulation.

This approach meets all financial criteria—life cover, survival benefits, and maturity benefits—while also ensuring returns that outpace inflation.

The returns could be even higher if withdrawals are deferred, and a step-up withdrawal strategy can be implemented to counter inflation.

In contrast, the HDFC Click 2 Achieve Par Advantage Plan struggles to keep pace with inflation in the long run, making it less effective in securing future financial goals.

Who Should Buy HDFC Click 2 Achieve Par Advantage Plan?

While the HDFC Click 2 Achieve Par Advantage Plan is marketed as a flexible savings-cum-protection policy with survival benefits and a maturity pay-out, it may not be suitable for most investors looking for reliable wealth growth.

The plan might only appeal to individuals who:

Prefer structured cash flows through survival benefits and are comfortable with non-guaranteed returns.
Want a life insurance plan with optional rider benefits, such as accidental death cover, critical illness, or joint life policy continuity.
Are seeking a long-term savings plan rather than aggressive wealth accumulation.

However, for most investors, the plan has several limitations:

Returns are low and uncertain: The IRR over long-term horizons (20 years) may fall short of inflation, making the survival and maturity benefits less effective in achieving financial goals.
High premiums relative to benefits: Paying for both insurance and savings under the same plan often results in lower post-tax corpus compared to separate term insurance plus investment strategies like ELSS, mutual funds, or SIPs.
Agent-driven commissions: The plan has high agent commissions, which indirectly reduces the efficiency of your invested premiums.
Better alternatives exist: Investors can secure pure-term life insurance for protection and allocate surplus funds to long-term, higher-return investments, achieving better wealth accumulation and flexibility.

In short, while the plan offers customization and multiple pay-out options, it does not deliver competitive returns for long-term wealth creation.

For most individuals, building a diversified investment portfolio with term insurance coverage is a more effective and efficient way to meet financial goals.

Final Verdict on HDFC Life Click 2 Achieve Par Advantage Plan

The HDFC Life Click 2 Achieve Par Advantage Plan is a protection-oriented savings plan where you pay premiums for a limited period, receive survival benefits during the policy term, and receive a lump sum maturity benefit at the end.

Additionally, the plan allows you to customise benefits and structure your cash flow based on your changing financial needs.

However, all benefits under this plan are non-guaranteed. Analysing the returns reveals that they do not compare favourably with other long-term investment options.

HDFC Click 2 Achieve Par Advantage plan review suggests that while flexibility is a strength, the IRR may be insufficient for long-term goals.

While the HDFC Click 2 Achieve Par Advantage Plan offers flexibility in structuring cash flow, the potential returns may not be ideal for an investor and it also has a high agent commission.

A more effective approach is to build a diversified investment portfolio tailored to your financial goals.

HDFC Click 2 Achieve Par Advantage plan calculator and brochure can guide customization, but consulting a Certified Financial Planner ensures optimal strategy.

This allows you to align your cash flow with your needs as they arise.

Additionally, securing a pure-term life insurance policy ensures financial protection for your family against uncertainties.

HDFC Life Click 2 Achieve Par Advantage vs ELSS vs Term insurance comparison shows the importance of combining protection with high-growth investments.

Do Quora, Facebook, and Twitter have the final say when it comes to financial advice?

For a well-structured and personalised investment strategy, consider consulting a Certified Financial Planner.

They can help you navigate the financial landscape with confidence and create a plan that aligns with your long-term objectives.

HDFC Click 2 Achieve Par Advantage Plan: Good or Bad? A Detailed Review

Table of Contents:

What is the HDFC Click 2 Achieve Par Advantage Plan?

What are the features of the HDFC Click 2 Achieve Par Advantage Plan?

Who is eligible for the HDFC Click 2 Achieve Par Advantage Plan?