On the Instant Pot® control panel., press Saute and set time to 10 Minutes. Once it is hot, add olive oil, peppers, onion, and tomato. Stir occasionally. Press Cancel.
Add the chickpeas, coconut milk, water, curry, salt, and pepper to the bowl. Stir.
Close and lock the lid, making sure the steam release handle is turned to Sealing. On the Instant Pot® control panel., press Pressure Cook and set time to 20 Minutes.
While it is cooking, finely chop the cilantro. Once the time has elapsed, release all the steam manually by placing the handle in the venting position. Serve in a bowl, topped with fresh cilantro.
Serving it with basmati rice makes the dish tastier and more balanced.