1 - Reading and reflecting over the Qur’an fulfils an Islamic duty.
Prophet Mohammad (PBUH) summarized this Religion (Islam) when he said:

“The Religion is sincerity (Naseeha)!” So then Tameem ibn Aws (may Allah be pleased with him) said: “We asked, ‘To whom?’” He said: “To Allah, HIS BOOK, His Messenger, the leaders of the people, and their common folk.”

The sincerity that is due to the Book of Allah includes its regular recitation, learning the rules of reciting it correctly and beautifully, learning its explanation, and the reasons for its revelation, affirming that it is the Truth, the perfect Speech of Allah, honoring it and defending it, abiding by the orders and prohibitions found in it, teaching it and calling to it.

Thus by reading and pondering over the Qur’an, one fulfills an obligation and is rewarded for that. Upon fulfilling this obligation, the Qur’an then becomes a proof for him on the Day of Judgment! This takes us to the second benefit.

2 - The Qur’an will be a proof for us on the Day of Judgment.

This is due to the Hadith of Prophet Mohammad (PBUH):

“And the Qur’an is a proof for you or against you.”

So on the Day of Judgment, the Qur'an will either be in your favor, or it will be a proof against you. Who could be saved from the terrors of that Day if Allah’s own Speech is against him?!?! Think carefully, and consider your position with the Qur’an! Are you neglecting it, contradicting it, ignoring its orders and prohibitions, are you thinking deeply over it?! Will it be on your side on the Day of Judgment.?!

3 - The Qur’an will intercede for us on the Day of Judgment.

A proof for that: Abu Umaamah narrated that Prophet Mohammad (PBUH) said:

“Read the Qur’an, 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 Mekkah, they asked, “Who do you use to govern Mekkah?” 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 (may Allah be pleased with him) said that Prophet Mohammad (PBUH) said:

“The best of you are the ones who learn the Qur’an and teach it to others”

6 - There are ten rewards for each letter you recite from the Qur’an.

Prophet Mohammad (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 Qur'an as you can.

7 – Those who recite the Qur’an will be in the company of the noble and obedient angels.

Aicha (may Allah be pleased with her) narrated that Prophet Mohammad (PBUH) said:

“Verily the one who recites the Qur’an beautifully, smoothly, and precisely, he will be in the company of the noble and obedient angels. And as for the one who recites with difficulty, stammering or stumbling through its verses (because he doesn't know how to read it but is trying to), then he will have TWICE that reward.”

So dedicate yourself to the Book of Allah, whether you are an ‘Arab or not! The excuses have been eliminated and the pathway has been cleared for you to embrace the Book of Allah without holding back or offering excuses!

8 - Your position in Paradise is determined by the amount of Qur’an you memorize in your life!

A proof for that:

Abdullah ibn ‘Amr ibn Al-’Aas heard Prophet Mohammad (PBUH) saying:

“It will be said to the companion of the Qur’an: Read and elevate (through the levels of the Paradise) and beautify your voice as you used to do when you were in life! For verily, your position in the Paradise will be at the last verse you recite!”

9 - The Qur’an will lead you to Paradise!
Prophet Mohammad (PBUH) said:

“The Qur’an is an intercessor, something given permission to intercede, and it is rightfully believed in. Whoever puts it in front of him, it will lead him to Paradise; whoever puts it behind him, it will steer him to the Hellfire.”

Thus, know that these nine benefits can only be attained by a sincere commitment to the Holy Qur'an, not by a person’s mere statement, “I love the Qur’an, it’s beautiful.” Rather the heart must be sincerely attached to Allah’s Book and the limbs and tongue will follow in this attachment.