Sorry for the delay in replying. Was busy getting the TV set up today.
Needless to say, picture quality is amazing! Played "Ultimate Wave:Tahiti 3D" from my PS3. 3D was superb. No crosstalk. No headache too for me.
Btw, coming to the extended warranty part, I'm still confused.

The Bajaj Finserv guy told me that for 1 year extended warranty the premium is 2.2K. For 2 years it is 4.7K in total. So opted for 2 years. He said the 4.7K amount would get deducted through my EMIs.
Another friend of mine also bought the same TV and he was told that Bajaj offers only 1 year extended warranty for 2.2K He opted for that.
As techy mentioned above, even the website mentioned only 1 year. Called up Bajaj Allianz customer care. They also confirmed that there is only 1 year extended warranty.
So, I'm assuming that the Bajaj guy was wrong about the 2 year extended warranty which he offered me. I still haven't got the documents related to the EMIs and the Extended Warranty. Only after I get it, I'll know for sure.
As of now based on my friend's experience and what the website says, I would assume that I will get only 1 year extended warranty at 2.2K.
Also the warranty is the same as what the manufacturer offers. So, panel is covered.
I can post camera caps of the extended warranty manual if anyone wants to know what's covered.
Let me know if you have doubts.