AppleCare+ for M1 MacBook Air and MacBook Pro come with lower prices

Apple just revised the AppleCare+ prices for the M1-powered MacBook Air and MacBook Pro. 
For the M1-powered MacBook Air, consumers can purchase the AppleCare+ plan for S$279. Previously, it was priced at S$348 and this translates to savings of S$69. 
For the M1-powered MacBook Pro (13-inch), the price drop is significantly lesser; the AppleCare+ plan is priced at S$349, down from S$378. 
The AppleCare+ for Mac extends warranty coverage to three years from the purchase date and includes up to two incidents of accidental damage protection every 12 months. There is a service fee of S$138 for screen damage or external chassis damage, or S$428 for other damages. In addition, there is 24/7 priority access to Apple Support via chat or phone.