Abu Hurairah (may Allah be pleased with him) reports that the Prophet (peace and blessings be upon him) says: “The performance of `Umrah is expiation for the sins committed between it and the previous ones. And the reward for Hajj Mabrur (pilgrimage accepted by Allah) is nothing but Paradise.”(Al-Bukhari)

• The above stated Hadith not only focuses and sheds light on the importance of Umrah in the life of a Muslim, but it also motivates them to perform it as much as possible, whenever the circumstances are favorable.
• As reported by Sayyiduna Abdullah Ibn Abbas (R.A) that Prophet Muhammad (P.B.U.H) said in a Hadith (which was approved by Imam(s) Al-Bukhari and Muslim) that:“(Performing the pilgrimage of) `Umrah during Ramadan is equivalent to (going for) Hajj.” Or said: “Equivalent to performing Hajj with me (Prophet Muhammad (P.B.U.H)).”
• This is another virtue of Umrah which signifies the importance of performing Umrah during Ramadan. It comes with special rewards and blessings.
• As narrated by Ibn Umar (R.A), reported in Ibn Majah, Prophet Muhammad (P.B.U.H) said: “The one in fight for Allah’s cause, the [one in] Hajj, and the one in ‘Umrah are delegates of Allah; He called them and they responded Him; and they will ask of His bestowals and He will grant it for them.”
• It can also be understood by the hadith of Prophet Muhammad (P.B.U.H) that the dua (prayer) of the Muslim who is performing Umrah, is expected to be answered.
• As related by Sayyidatuna Aisha (R.A) and reported by Al-Tabarani and Al-Baihaqi, the Prophet Muhammad (P.B.U.H). said: “Whomever leaves his home only for the purpose of Hajj or ‘Umrah, and dies, it becomes guaranteed upon Allah to grant him the Paradise, if He takes away his soul. And if He returns him; He’ll return him with rewards and gains”.
• This is another motivating virtue of Umrah. The reward for a Muslim who passes away while performing Umrah is Jannah.

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Source: https://travelforumrah.co.uk/blog/benefits-of-umrah/