Here are nine great benefits for reciting the Holy Quran:
1 Reading and reflecting over the Holy Quran fulfils an Islamic duty. Thus by reading and pondering over the Holy Quran, one fulfils an obligation and is rewarded for that. Upon fulfilling this obligation, the Holy Quran then becomes a proof for him on the Day of Judgement! This takes us to the second benefit.
2 The Holy Quran will be a proof for us on the Day of Judgement. This is due to the Hadith of Prophet Muhammad (peace be upon him): And the Holy Quran is a proof for you or against you.
3 The Holy Quran will intercede for us on the Day of Judgement. A proof for that: Abu Umaamah narrated that Prophet Muhammad (PBUH) said: Read the Holy Quran, for verily it will come on the Day of Standing as an intercessor for its companions.
4 Your status in this life will be raised. In Saheeh Muslim, there is this beautiful story, that shows how a man from the people of Jannah (Paradise), Umar ibn Al-Khattab, understood this principle. Some men came to question him during his khilaafah (reign) about the leadership of Makkah. They asked, Who do you choose to govern Makkah? He said, Ibn Abzaa. They asked, And who is Ibn Abzaa? Umar replied, A freed slave from those we freed. They remarked, You left a freed slave in charge of the people of the Valley (the noble tribes of the Quraysh)!? So he answered them, Verily he is a reader of the Book of Allah and is knowledgeable about the obligations of the Muslims. Haven't you heard the statement of your Messenger? Verily Allah raises some people by this Book and lowers others by it.
5 You will be from the best of the people. Uthman Ibn Affan (Allah be pleased with him) said that Prophet Muhammad (PBUH) said: The best of you are the ones who learn the Holy Quran and teach it to others.
6 There are 10 rewards for each letter you recite from the Holy Quran. Prophet Muhammad (PBUH) said: Whoever reads a letter from the Book of Allah, he will have a reward. And that reward will be multiplied by ten. I am not saying that Alif, Laam, Meem is a letter, rather I am saying that Alif is a letter, laam is a letter and meem is a letter. So try to recite as much verses of the Holy Quran as you can.
7 Those who recite the Holy Quran will be in the company of the noble and obedient angels.
8 Your position in Paradise is determined by the amount of Holy Quran you memorise in your life!
9 The Holy Quran will lead you to Paradise.