This is a Key Card which you use to renew your Microsoft Office 365 subscription. It is available at discount over MRP on Amazon. Once activated it includes all the latest features of the Microsoft Office product for duration of subscription. I would have liked it to be available at lesser MRP than what it is now, so that it does not needlessly burden common people. Hope Microsoft can reduce the pricing to encourage people to shun the illegal copies and use licensed copies of genuine software. May be after this subscription expires i will go for lifetime license Office product since this recurring cost is on higher side. But the features and technical support available ca justify even the current pricing.