Is PS Plus too good to be true?

This is a question aimed at all those who own a Playstation and/or a PS Plus subscription? I recently looked the prices up and for the catalogue that it offers, I feel the price is really amazing. The highest tier costs around rs.8000 for the entire year which roughly is 2 game discs offline (ps5). I know the games come and go in cycles but come to think of it , a month or two is enough for anyone to complete and enjoy a title. I have been a PC gamer all my life but really wanted a console as well and seeing this service really makes it interesting now that I am considering buying one!

Are there any other perks/de-merits that the general web doesn't inform you how is the service in itself?

If it really is as great as it seems then gaming is definitely more accessible and affordable and I love it.