Intune CORPORATE owned as well as BYOD

I am bit confused whether we can deploy a CORPORATE owned policy as well as BYOD policy to the same user? Such that he can use Corporate profile on one device and he/she can bring their own device and can use Apps such as Outlook and Onedrive? I never deployed two different policies to similar user. Please let me know if this possible or not and the steps for that? And also I would like to know if there any issues or complications if do in this way