What do u mean not offered in Malaysia? Here in our country also got AppleCare... but only for some type of devices like Macbook, iPad, iPod... while iPhone and Apple Watch are excluded... Different with other countries like SG who offered the AppleCare for most of the products.

But, if U bought these devices from other countries like SG and get the AppleCare for those devices, they do support here in Malaysia (as long as the devices are already launch here)...

Basically, the AppleCare is like extending your warranty coverage, and of course with some other benefits... so let say u wanna claim warranty here, the service centre will check from their system to get the info about the device... if still within the warranty period, then no problem for you the get the service like free repair or replacement...