I read somewhere that if your site doesn't have privacy policy page, google will not approve your adsense account. Is this true?
Yes, you have to have a privacy policy page and have to keep it for as long as you have adsense on your site.
It doesn't hurt to have a privacy policy, if you use Wordpress, there is a plugin that creates the page for you!
You've been lucky. You should add it, no privacy policy is one of many reasons why people get their accounts banned.
In fact, I didn't heard or read about that terms and conditions in Adsense before. I still wonder where blogger and wordpress put that in my blog site.
Yes, this is mandatory to have a privacy policy page specifically telling that you use google ads or google analytics on your site.
Better add a privacy policy for all your AdSense sites as soon as possible. You are ultra lukcy they haven't noticed this yet. Don't wait till they find out.
Yes, As i have applied first without privacy policy and they were rejected my application,but after i got my account.
Google already have privacy policies that are all already exists in the your and site put in your account.