The main difference between Health insurance and Life insurance is that health insurance benefits the payor, while life insurance benefits the beneficiaries of the payor. But this definition is starting to change. Some health insurances that are bundled could include beneficiaries of the payor.
References
Ready2Adult PH. (2020, October 4). LIFE INSURANCE FOR BEGINNERS | INSURANCE 101 PHILIPPINES | What you need to know. https://www.youtube.com/watch?v=kWBS4WKa7yA&list=PLX5F5fa6EHdq0fCY9ehomzPNaUoYekLkP&index=2