Microsoft 365 Basic is a new basic subscription tier scheduled to launch on 30th Jan 2023 and comes with features like:
- USD 1.99 per month (or USD 19.99 per year)
- 100GB OneDrive cloud storage
- Ad-free (Outlook web and mobile clients)
- Microsoft Office* online versions only
- Encrypt email messages
- Advanced Outlook.com security
REFERENCES
Microsoft 365 Basic gives you 100GB of OneDrive space (but no Office) for $2
* Word, Excel, PowerPoint, OneNote, Outlook