THE CDTI INVESTS MORE THAN 34M € FOR 74 BUSINESS R & D & i PROJECTS.

Image result for cdtiLast Friday, October 24, the board of directors of the Center for Industrial Technological Development approved a total of 74 projects totaling 45.21 million euros in its Board of Directors.

Of these projects, 43 are individual R & D projects , 27 correspond to the Innovation Hotline , 3 will receive aid from the Global Innovation Line program and one internationalized project.

Of the 77 companies participating in these projects, 66% are SMEs and 31% are from medium-high technology sectors. In addition, 45% are companies that receive CDTI financing for the first time.

It is estimated that the sum of these initiatives will generate 147 direct jobs, as well as 282 indirect jobs, which means 429 jobs in total.

The grants are co-financed with FEDER funds dedicated to the promotion of business R & D + i . 14 projects will be co-financed with the Technological Fund, seven projects will have co-financing from the ERDF Madrid Operational Program and a project with the ERDF Navarra operational program.

What is loan insurance? | Loans Quebec

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As you get older, it’s increasingly recommended to start thinking about insurance. Life insurance, auto insurance, home insurance. It’s best to think about it while you’re still young so you can enjoy it later.

Loan and credit insurance, otherwise known as creditor insurance or debt insurance, can be used to repay the balance of a loan in the event of illness, accident, disability or sudden death. Thus, if you become unable to work because of one of these circumstances, your insurance will help you cover what you owe to your lenders or creditors.

However, it is important to know that loan insurance varies from one loan to another, which means that you must have a separate insurance policy for each loan you have. The terms of a mortgage insurance policy will be different from those of a credit card balance insurance. So before taking out loan insurance, it is important to understand your options.

Make the difference between a real loan insurance and a scam

When you plan to apply for a loan and obtain insurance, you must be able to distinguish an official policy from the policy of scammers who claim to be lenders.

Unfortunately, this type of scam is happening all over the country. This usually happens when someone does not do enough research, usually online. They will have a well-presented website that offers all types of interesting loans, with low interest rates, good repayment plans etc. The borrower does not do enough research on the lender and asks for a loan. In return, the company says it will provide the loan on the condition that loan insurance be paid in advance since the “lender” takes a big risk. The potential borrower often needs financing for something important, so he accepts by providing all his personal and banking information.

Here is the problem. No legal lender will request a payment in advance. In fact, asking for a type of insurance or security deposit before a borrower receives a loan is illegal. If you are asked for it and you pay, you will not only lose the deposited money, but your banking information could be compromised. You will be told that you will have your loan quickly and you will not hear about it. That is why it is extremely important to do good research before deciding to borrow. Make sure you always search the Better Business Bureau database to see if your lender has a good reputation.

Generally, you can get good insurance for your loans through insurance companies, brokers or agents and lenders themselves (banks and traditional financial institutions).

Since loan and credit insurance is not always required, if you wish, you will need to give the provider verbal, written or electronic consent to receive the policy.

Mortgage insurance

When potential homebuyers can not make a down payment of more than 20% of the home price, which is common, lenders will require that they have default mortgage insurance. In Canada, the minimum down payment required for a house at a cost of $ 500,000 or less is 5%. The insurance costs will cover all payments that would be unpaid by the borrower, thus protecting the lender’s investments and offering the client a lower interest rate.

Initially, the borrower will have to pay an insurance premium that depends on the amount of the down payment. For example, a down payment of 5% to 9.99% of the total value of a mortgage will require a premium of 3.6% of the value of the home. In Canada, there are three companies offering default insurance: CMHC (Canadian Mortgage and Housing Corporation), Genworth Financial Canada, and Canada Guaranty Mortgage Corporation.

Credit Balance Insurance

<strong>Credit Balance Insurance</strong>

When you are approved for a new credit card, the company you signed up with will offer credit balance insurance. If you have to lose your job, get sick or have another type of injury that prevents you from working, this type of insurance will cover between 5% and 10% of the monthly balance of your credit card bill for 10 to 24 months. If you become physically disabled or die, the insurance will cover your entire unpaid balance or up to a specified amount. Ask your credit card company to see if you qualify for credit balance insurance.

Critical illness and disability insurance

<strong>Critical illness and disability insurance</strong>

Critical illness insurance will help cover the rest of your loan and credit payments in the event of critical illness that would prevent you from working. The complete list of diseases will be specified in the terms of your insurance policy.

However, there are several specific diseases that are not usually covered if you have them before applying for this type of insurance.

Disability insurance, on the other hand, will not necessarily cover the full cost of your loan and credit bills. Instead, the minimum balance of each payment will be covered in case of illness or accident that would make you physically disabled and unable to earn income. This policy will only last for a certain period of time, and once the coverage period ends or you recover your disability, you will still be responsible for the remaining balances on your loan or credit. As with other types of insurance, you will qualify for critical illness or disability insurance based on the conditions set by the insurance provider.

Life insurance (for loans and credit)

Not to be confused with a typical life insurance, in the event of the death of an insured borrower, the insurance provider will use a portion of the “death benefit” or the total value of it to pay the balance of his loan or its credit product. The premium you pay to your insurance provider will vary depending on the type of loan that needs to be paid. However, the amount that would be withdrawn from the death benefit will decrease as you continue to make payments and reduce what is left over from your loan debt.

For this reason, it is very important to note here that your family or beneficiary will not receive the full death benefit if your loan has not been repaid at the time of your death. So, if you want to leave a separate amount to your loved ones as a result of your death, you will have to pay a separate life insurance policy to get there.

Is loan insurance adequate for you?

All types of insurance are not mandatory but it can be very beneficial for you and your family to consider them. While you are in good physical and financial health, loan insurance may seem unnecessary. However, the payment of a premium for any type of insurance is the same principle as creating an emergency fund in case unforeseen situations arise, be it financial or medical.

There are of course advantages and disadvantages to opening a loan insurance policy. For example, loan insurance can help protect your credit rating in case you can no longer make your payments yourself. On the other hand, not everyone is eligible for all types of loan insurance. Your application may be rejected if you are self-employed or work only part-time. Pre-existing medical conditions such as asthma or high blood pressure will generally not be covered by a critical illness insurance policy.

Given all of these factors that need to be considered before applying for any type of insurance, including loan insurance, you should do your research, based on your specific needs, to determine what insurance is right for you.