Season chicken thighs with salt, pepper, paprika, and garlic powder.
Add olive oil to the Instant Pot and select the "Sauté" function. Once hot, add the seasoned chicken and sear for 2-3 minutes per side until lightly browned.
Turn off the "Sauté" function. Rinse the uncooked rice under cold water until the water runs clear, then drain.
Add the rinsed rice and chicken broth to the Instant Pot with the chicken.
Secure the lid of the Instant Pot and set the valve to "Sealing." Cook on High Pressure for 15 minutes.
Once the cooking cycle is complete, allow for a Natural Pressure Release for 10 minutes, then carefully switch the valve to "Venting" for a Quick Release.
Carefully open the lid. Fluff the rice with a fork and ensure the chicken is cooked through.
Serve hot, with the chicken pieces over the rice.
Notes
Garnish with fresh parsley or a squeeze of lemon before serving for extra flavor.