I’m not a lawyer but I assume so. Instead you get a second set of protections that comes with your credit/debit card.
The subscription fees aren’t large enough to be covered by the strongest protection, Section 75, but you can ask your bank to reverse payments taken fraudulently, taken incorrectly, or if you weren’t provided the service. This is called a chargeback.
However, the customer support team here are keen to make sure you’re happy with your subscription. I’d recommend speaking to them first!