GUANGZHOU, China, March 3 /Xinhua-PRNewswire-FirstCall/ -- CNinsure
Inc. (Nasdaq: CISG), a leading independent insurance agency and brokerage
company operating in China, today announced the signing of an exclusive
distribution agreement with Ping An Life Insurance Company of China,
Ltd.("Ping An Life"), marking the debut of the first product custom
designed by Ping An Life for CNinsure.

    Under the terms of this agreement, a co-branded accident insurance
product will now be available exclusively from CNinsure. The agreement,
involving an approximately RMB60,000,000 insurance premium generated, is
the first joint initiative launched by CNinsure and Ping An Life following
the announcement of a strategic partnership in February 04, 2008.

    During the one-year coverage period, when accident occurs, the insured
can enjoy a guaranteed benefit and a reimbursement of medical expenses, or
advance payment upon request. Also available to the insured are certain
value-added services such as 24-hour emergency assistance from 914
hospitals in China, first-aid assistance provided by qualified medical
professionals by phone, immediate alert to police and family members,
ambulance arrangement, and online hospital booking.

    Commenting on the event, Yinan Hu, CNinsure's Chairman and Chief
Executive Officer said, "The strategic partnership reflects Ping An Life's
trust in our distribution network and retail sales capabilities. As part of
our strategy, we will work closely with insurance companies in the
development and exclusive distribution of customized products. We believe
that this strategy will contribute to our future growth and profitability."

    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, 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 March 03, 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
registration statement on Form F-1.

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