Start by gathering all your ingredients. Cut the chicken breasts into thin strips and dice the onion. Chop the bell peppers into bite-sized pieces.
In a large pot or Dutch oven, heat 1 tablespoon of olive oil over medium heat. Add the chicken strips and sprinkle them with the Mexican seasoning blend. Cook for about 5-7 minutes until the chicken is no longer pink.
Add the diced onion and chopped bell peppers to the pot. Drizzle with the remaining tablespoon of olive oil. Sauté for another 5 minutes, or until the vegetables are tender.
Pour in 2 cups of the chicken broth, stirring to combine. Bring to a gentle simmer for about 10 minutes.
Stir in the package of Knorr Fiesta Sides Spanish Rice and the remaining cup of chicken broth, then add the drained and rinsed beans.
Let the chili simmer on low heat for an additional 15-20 minutes, stirring occasionally.
Once thickened and the rice is fully cooked, ladle into bowls and top with your favorite garnishes like cheese or avocado.