Can you get a PhD based on work or life experience? Is there any possibility that I could be awarded a Ph.D. degree based on my work or life experience and good educational background?

Can you guide me to any institution offering such Ph.D.s?
Ph.D.s and other academic titles and degrees awarded for "work experience", "life experience" and so on are products of diploma mills. You pay a lot of money (thousands of USD) for a piece of paper that is completely worthless.

Employers know these worthless "titles". Such a "Ph.D." will not help you get a better job, and it will in particular not help you in an academic career. Instead, using such a "degree" in an application will brand you as naive at best or a fraud at worst.

Depending on your jurisdiction, using a "degree" "awarded" by a non-accredited institution, as these diploma mills usually are, may be illegal.

Nobody here will direct you to an institution that engages in such practices.