NO. Premium Services bundle (California filers only) at $44.99 does not cover product fees. It is an add-on feature in addition to product fees.
With Premium Services (California filers only) you do have the option to pay the product fees out of your Federal refund included (if you wish) AND you get these additional benefits:
FAQ: What is the Premium Services Bundle?
https://ttlc.intuit.com/replies/3685857
