Apple is moving AppleCare+ to a subscription-only model, discontinuing fixed-term plans. Third-party retailers have already stopped offering prepaid options, with Apple’s website expected to follow. AppleCare+ provides accidental damage coverage, battery support and 24/7 priority service, with an optional theft and loss plan. While subscriptions offer flexibility, fixed-term plans were a better long-term deal, making this change more profitable for Apple.
Source: GSMArena