AppleCare+ monthly plan will provide iPhones with unlimited warranty

AppleCare+ is changing this year. The service, which earlier was used only for providing extended warranty on iPhones, iPads, iPods and Macs, is now being used on new devices and in new ways.

The company previously announced an AppleCare+ plan for AirPods and Beat headphones and has now revealed a new tweak to its existing AppleCare+ plan for iPhones – it is offering one on monthly installments.

Customers can now pay monthly installments on their AppleCare+ for as long as they like. The company has previously experimented with such plans, but it didn't gather much traction as the extended warranty was limited to the same period as the upfront payment guaranteed.

This plan provides a kind of flexibility to consumers that you generally don't associate with Apple – you can keep paying for an extended warranty as long as you like. It will not lock consumers in a two-year plan and also be useful in cutting costs when the device gets old and needs repairs.

According to the terms and conditions listed in the license agreement, users can terminate their AppleCare+ plan by giving a notice of 30 days.

"For Monthly Plans, your Plan Term is one (1) month. Your Plan will automatically renew each month unless cancelled as set forth in the "Cancellation" Section 9 below, including in the event that Apple is no longer able to service your Covered Equipment due to the unavailability of service parts, in which case Apple will provide you with thirty (30) days' prior written notice of cancellation, or as otherwise required by law," it reads.

However, you will have to opt-in for the plan within 60 days of purchasing your device.

The monthly plan is available for iPhones, iPads, iPods, HomePods, AirPods and Beats headphones but not for the company's PCs – Macbooks and iMacs.

It will also cover two incidents of accidental damage over a period of two years.

This seems like a win-win deal for both Apple and the consumers – it will have an opportunity to earn more from extended warranty while they will have less fear of their expensive devices needing repairs.