I’m still running Windows 7, and also use Office 365 Click-to-Run – which I update approximately monthly.
Today, after updating Office, I looked at the Account Information page and under “Product Information” there was a link displaying:
“Learn why you’re only receiving security updates”
Sounded interesting, so I clicked on the link, and what I read was even more interesting; namely:
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If you see a message under the Product Information section for your Office app that says you’re only receiving security updates, this is because Office is installed on a device running Windows 7.
Important: Support for Windows 7 ended on January 14, 2020. Learn more
To receive new features for Office, instead of only security updates, you need to move to a supported operating system. We recommend that you move to Windows 10.
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What’s odd, in my mind, is that MS have stopped issuing security updates for Windows 7 (except for those with an ESU licence, or using abbodi86’s “Standalone installer script for Windows 7 ESU”), but they’re still providing security updates – but not new features – for Office 365.