What must a policyholder do to maintain a noncancellable policy?

To maintain a noncancellable policy, it is essential for the policyholder to pay premiums on time. A noncancellable policy guarantees that the insurance company cannot cancel the coverage or increase the premiums as long as the policyholder continues to pay the premiums as required. This provides a sense of security and stability for the policyholder, allowing them to count on their coverage remaining in effect regardless of future health changes or claims made.

Timely premium payments are crucial because they ensure that the policy remains active and in force. Failure to pay premiums on time can lead to policy lapses, after which the insurer would no longer be obligated to provide coverage, potentially causing the policyholder to lose important protections.

The other options, while they may pertain to various types of insurance practices or different policy requirements, do not align with the specific need to maintain a noncancellable status. High fixed premiums could be a characteristic of such policies, but they are not the action the policyholder must take. Providing proof of income and submitting regular health checks are not requirements for maintaining the noncancellable nature of a policy, as these typically relate to underwriting or renewal processes rather than ongoing policy maintenance.