This delicious dessert is made by first boiling the milk. When it boils, add the washed, broken red-rice into it. Add sugar and mix well. Allow to simmer in medium flame. Cook till the rice is done. Serve hot. The payasam will have a light pink colour.

More about palpayasam ingredients:
http://www.indiavideo.org/kerala/cuisine/paal-payasam-recipe-sadya-4149.php