Each payment is automatically divided between the Capital Constitution and Capital Plus components, depending on the level of protection you have chosen.
If you opt for full cover, you are looking for total capital protection. This means that you want to be sure of having a minimum return at maturity. You can also limit this protection to just part of your initial capital (e.g. 70%, 80% or 90%): you then free up the greater part of your capital for investment in the Capital Plus component and can therefore take advantage of any rising markets.
You can transfer part of your Capital Plus component to the Capital Constitution component (or vice versa) at any time. This gives you the option of either safeguarding your gains or continuing to take advantage of any rising markets. Transfers of this type are free up to twice a year. Remember that withholding tax is payable if you transfer capital from the Capital Constitution component to the Capital Plus component within the first 8 years of the policy.