Yes, it does, but that doesn't mean it's a backup of your data.
RAID1 is intended to reduce downtime and the associated impact & cost in the event of a disk failure, rather than to safeguard against the loss of data, disk failure is neither the only, nor the most common cause of data loss - to give you just one example, with your RAID1 array duplicating your data, if you or someone else accidentally deletes a file, it's gone - from both disks.
Now let's extrapolate, data wilfully deleted by a disgruntled employee, data corruption due to a virus or power glitch, system compromised by a hacker (it does happen - he's not interested in you or your data, but in taking control of your system and using it to target someone else - and the easiest way to a "clean" system is often a reformat & reload of the OS)