M1 Fonecare+ for iPhone

[jonchar]

Guys, is the above any good to purchase along with iphone 7?
https://www.m1.com.sg/Personal/FAQ/Add-ons/FoneCare

Pays $8.50 a month more for this and you are entitled to an early upgrade after 12 months by surrendering your iphone to them. On top of that, you will be able to swap a phone for another by paying $175 for any reason you wish to swap it, but it must be in good working condition.

Or if you lose your phone, you pay $575 for another iphone send to you within 6 months or $375 after 6 months.

Any experience, feedback welcomed.

 

[abrams75]

Seem like a gimmick to me...for me I dun see the need lolz..and the good working condition meaning is too vague...and that is u still have to pay 175 plus monthly 8.50... For me I rather sell it and get a new 1.

 

[watzup_ken]

I think one of the key selling point here is the 12 months upgrade. However, one thing you need to take into consideration is that you have to surrender your existing phone on top of the 8.50 that you pay monthly. After which, do you have the pay the full price of the device with contract? I am not sure when they say surrender your old phone, do they take it as a trade in, though I don't think its likely the case.

Also, as compared to the Samsung 38 bucks concierge service, this one seems very overpriced.