Microsoft 365 features that help users manage their subscriptions, account settings, and billing information.
If your outlook.com email address is on the same Microsoft account that has the subscription, then your outlook.com is already considered a paid account. There's nothing else you need to do separately.
I guess my questions are -
What are you hoping to solve by having a paid outlook.com account?
What Microsoft 365 subscription do you have? Basic, Personal, Family??
Is your outlook.com address on the account that carries the subscription?