AppleCare+ with Theft and Loss for iPhone Air is Apple’s full protection plan designed to secure your device from both accidental damage and serious risks like theft or loss.

It includes unlimited accidental damage coverage, such as screen or back glass repairs using genuine Apple parts. You also get battery service if battery health drops below Apple standards and 24/7 priority Apple support for technical help anytime.

The key feature is theft and loss protection, which allows up to two incidents per year where Apple replaces your iPhone Air if it is stolen or lost (after claim approval).
Each claim usually requires a service fee (deductible).

To use this coverage, Find My must always be enabled on your iPhone at the time of loss or theft and during the claim process, otherwise Apple can reject the claim.

In India, Apple has introduced flexible monthly and yearly subscription options (around ₹799/month starting range for iPhones in general), making it easier to maintain coverage without paying a large upfront cost.

You can buy AppleCare+ within 60 days of purchasing your iPhone Air, from Settings or Apple Store.