Hi Bhavi,
After 58 Years of Age, if a person is still in services, then contribution of ESI & Employee PF remains the same. only their Employer PF pension part (8.33% of 12%) will get closed and only PF contribution (12%) will continue.
If a person is not in services, he is eligible to get PF amount on monthly pension basis or can withdraw at once & he will be deprived of ESI benefit after completion of ESI tenure. If he/ she want to opt for ESI benefit post retirement, then he has to pay INR 120 per year to get the benefit.
Regards,
Asna Siddiqui