Add all ingredients to an Instant Pot®. Stir until well combined. Place the lid on the Instant Pot® and click into place to close.
Press the Pressure Cook button and adjust the timer to 15 Minutes.
When the timer beeps, let the pressure release naturally for 10 Minutes, then quick-release any remaining pressure until float valve drops. Unlock lid. When done, broth should be red, and beans and chickpeas should be soft. Stir soup, then serve warm.