Speaking on this occasion, Naidu said these schemes were the beginning of a "new chapter" in social welfare.
The schemes -- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) -- were simultaneously launched at 115 locations throughout the country.
Prime Minister Narendra Modi launched the three schemes at a function in Kolkata today.
Naidu said they would be a "boon" to the poor and everybody should enrol in them.
Parrikar also lauded Naidu, saying that he was committed not only to creation of jobs through industrial development but also to socially-oriented services.