A Microsoft file hosting and synchronization service.
According to Microsoft's recently updated documentation, existing Microsoft 365 Family subscribers will transition from 1 TB per person to 2 TB of shared storage at their first subscription renewal on or after May 2, 2027, unless an eligible plan change triggers the transition earlier. You can review the official announcement here:
https://support.microsoft.com/onedrive/changes-to-microsoft-365-storage
Microsoft also confirms that redeeming additional retail product keys for the same Microsoft 365 subscription extends its duration, up to a maximum of five years. However, the current documentation does not explicitly clarify whether redeeming prepaid keys before May 2, 2027, will preserve the existing 1 TB per-person allocation until an extended expiration date in 2029 or 2030, or whether the new storage model will be applied earlier. Therefore, I cannot guarantee either outcome. Renewal documentation is available here: