Microsoft 365 features that help users manage their subscriptions, account settings, and billing information.
I think the simple answer in NO.
If you purchase Office 365 Home (which comes with a basic Outlook subscription), you need to buy the additional subscription to OUTLOOK do that you receive the full service version without any ads.
I pay $AUD37.95 per annum for OUTLOOK and $AUD12 per month for Office 365 Home. I have no problems with either service.
Microsoft is a "For Profit" business. Expect to pay and you will not be disappointed!