Health insurance and Life Insurance Corporation (LIC) provide different types of coverage. Life Insurance Corporation (LIC) provides coverage for death or other events such as permanent disability, while health insurance provides coverage for medical expenses such as hospital bills, doctor's fees, and medication. Additionally, LIC policies are long-term investments and are generally less expensive than health insurance policies. Health insurance policies are usually more expensive and offer shorter term coverage. Furthermore, LIC provides coverage for the whole family while health insurance usually covers only the policyholder. In conclusion, health insurance and Life Insurance Corporation (LIC) provide different types of coverage and are suitable for different needs.