According to Osho, to exist without consciousness is to remain confined to bodily layers—gross or etheric—where experience still belongs to form. Leaving the physical body yet staying in a subtle body is not soul-realization; it's still unconscious identification. Only when one goes beyond even the subtle sheath into bodiless, witnessing presence does true consciousness—the soul—reveal itself.
It means you’re just living as a body (even a subtle one), not as the bodiless awareness you really are.