What promises are included in the covenant of grace?

The covenant of grace includes multiple promises that assure believers of their standing before God. According to Jeremiah 31:34, God promises to forgive their iniquity and remember their sins no more, indicating complete forgiveness. Additionally, the covenant assures that God will transform the hearts of His people, giving them new spiritual life and a renewed nature. The certainty of redemption and the provision of the Holy Spirit to guide and teach believers are also key components, making this covenant both fulfilling and permanent for God's elect.