CNinsure Signed Exclusive Distribution Agreement with Sino Life Insurance for Custom-designed...

CNinsure Signed Exclusive Distribution Agreement with Sino Life Insurance for
Custom-designed Product

GUANGZHOU, China, Sept. 2 /Xinhua-PRNewswire/ -- CNinsure Inc.,
(Nasdaq: CISG), a leading independent insurance agency and brokerage company
operating in China, today announced that it has signed an exclusive
distribution agreement with Sino Life Insurance Company Ltd. ("Sino Life
Insurance"), one of the leading life insurance companies in China, for the
sales of a refundable participating whole life insurance product.
This is the second time that CNinsure has announced strategic cooperation
with leading insurers for exclusive distribution arrangements, following the
announcement of another arrangement with Ping An Life Insurance Company of
China, Ltd. ("Ping An Life Insurance") in the first quarter. The new life
insurance product, underwritten by Sino Life Insurance, and custom-designed by
Swiss Reinsurance Company ("Swiss Re") for CNinsure to address diversified
insurance needs of Chinese consumers, has become available exclusively over
CNinsure's distribution network, under the brand name "Fanhua (CNinsure)
Ruixiang", starting from September 1st, 2008. The product, packaging
accidental, health care, annuity, pension and whole life insurance together,
features higher coverage, longer lifetime annuity payment period with payment
starting immediately in the second year after purchasing the policy, higher
pension as well as waiver of future premiums in case of disability of both the
insured and the applicant, as compared with similar insurance products on the
market.
Commenting on the event, CNinsure's Chairman and Chief Executive Officer,
Mr. Yinan Hu, said, "We are proud to work with Sino Life Insurance and Swiss
Re to introduce such an exciting product to Chinese consumers. The exclusive
distribution arrangement with Sino Life Insurance and cooperation with Swiss
Re in custom-designing insurance products reflect that CNinsure, with our
extensive reach to customers, is increasingly gaining recognition from our
insurance partners as a valuable retail insurance distributor in China. It
also shows that our efforts to expand the product portfolio with more
differentiated products are reaping benefits, which we believe will help
maximize our profits and fuel the future growth of CNinsure."
About CNinsure Inc.
CNinsure is a leading independent insurance agency and brokerage company
operating in China. CNinsure's distribution network reaches many of China's
most economically developed regions and affluent cities. The Company
distributes a wide variety of property and casualty and life insurance
products underwritten by domestic and foreign insurance companies operating in
China, and provides insurance claims adjusting as well as other insurance-
related services.
Forward-looking Statements
This press release contains statements of a forward-looking nature. These
statements are made under the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. You can identify these forward-
looking statements by terminology such as "will," "expects," "believes,"
"anticipates," "intends," "estimates" and similar statements. Among other
things, the management's quotations contain forward-looking statements. These
forward-looking statements involve known and unknown risks and uncertainties
and are based on current expectations, assumptions, estimates and projections
about CNinsure and the industry. Potential risks and uncertainties include,
but are not limited to, those relating to CNinsure's limited operating
history,
especially its limited experience in selling life insurance products, its
ability to attract and retain productive agents, especially entrepreneurial
agents, its ability to maintain existing and develop new business
relationships with insurance companies, its ability to execute its growth
strategy, its ability to adapt to the evolving regulatory environment in
Chinese insurance industry, and its ability to compete effectively against its
competitors. All information provided in this press release is as of September
2, 2008, and CNinsure undertakes no obligation to update any forward-looking
statements to reflect subsequent occurring events or circumstances, or to
changes in its expectations, except as may be required by law. Although
CNinsure believes that the expectations expressed in these forward-looking
statements are reasonable, it cannot assure you that its expectations will
turn out to be correct, and investors are cautioned that actual results may
differ materially from the anticipated results. Further information regarding
risks and uncertainties faced by CNinsure is included in CNinsure's filings
with the U.S. Securities and Exchange Commission, including its annual report
on Form 20-F.
SOURCE CNinsure Inc.

Phoebe Meng, IR Officer, +86-20-6122-2777, or mengyf@cninsure.net; or Oasis
Qiu, +86-20-6122-2777 x850, or qiusr@cninsure.net