1. Start by soaking the rice in room-temperature water. Completely cover the rice, at least 2-3 inches above the rice, as the rice will retain some of that water. 

2. Prepare onions and carrots. Peel the onions, cut in half and slice thinly into half circles. Peel the carrots and dice on the larger slice settings to make strands. 

3. Preheat the Instant Pot on the saute setting on high with the extra virgin olive oil. Add the onions and saute until translucent. 

4. While onions are sauteing, cut the beef into 1 inch cubes and season with salt and pepper. Once the onions are ready, add the meat to the Instant Pot and brown the meat on the outside. 

5. Turn off the Instant Pot, close the lid and pressure cook the meat with onions on high for 35 minutes. 

6. Release the pressure using the valve. Allow all the steam to come out and then open the lid. 

7. Open the Instant Pot and add the seasoning, rice, carrots and water. Mix.

8. Add the bay leaves and garlic on top, cover with a lid and cook on the rice setting on low for 20 minutes. 

9. Remove the lid and enjoy the beef rice plov.