You could try soaking your fabric/paper in a solution of PVA.
I did my tarps on my hatch covers with a piece of cotton, and varnishes as suggested above.
These were streched over the hatch covers in making, if your lifeboat is a bit fragile, you could make a solid block copy of the shape of the top in solid wood.
See replies #20-22 on this thread
http://www.modelboatmayhem.co.uk/forum/index.php?topic=2716.0Took my hatch cover and covered in cling film.
Then stretched my cotton over thi san secured with pins.
Next varnished it and allowec to dry.
After that painted it, let it dry.
Then removed from hatch cover, trimmed with scissors.
After that took a bradawl and made holes around the edge for threading line/cord through.
Finally refited to hatch over, threade the cord over the cleats on the hatch, tightened up the cordage and tied off.