I am using the following steps:
1. I chose manual email setup
2. Entered my credentials(full email address and password)
3. Chose pop3(Since, I want my emails to be available to me even I'm out of network coverage).
4. Entered following 
POP3 Settings 
username : full email address
password : *password to my custom domain's live mailbox
pop3 server : pop3.live.com
security type : SSL(accept all certificates)
port : 995
SMTP Settings
username : smtp.live.com

I need to choose TLS as security type but there isnt any option. we have a option of SSl but that doesn't work either.

With these connections, i can recieve mails but can't send mails.

Please help me.