I tried with lens distortion but not getting this effect.
In this effect editor use mirror and some other effect that I finding. It push video frame center inside. you may check youtube video on video id "k120wZl_UoE" So can anyone let me know how I can get link this effect in premiere pro.
You can often find 'Transition packs' which contain similar effects.
Alternatively, you can make your own. Try using the 'cross zoom' transition. Also, experiment with the 'Transform' effect. Animate the 'Scale Height' and 'Scale width' controls, uncheck 'Use compositions shutter angle' and set the 'Shutter Angle' to 360.