Incorrect, a VPN connection establishes a point to point connection to another computer. Whether that computer has an unfettered connection to the “next hop” or not is not known to you. SOC report may provide the network info? They may be selling data about the websites you visit to 3rd parties.

It boils down to who do you trust more, your ISP or your chosen VPN provider. In places where there are ISP data laws, you likely (dependent on VPN provider) have a more private connection. Conversely, if your ISP injects ads through other pages and intercepts your dns calls to provide you advertising, a well researched VPN solution might be a good choice.

Also this reads like an ad.