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In fairness, I've had to write a privacy policy due to store restrictions. It boiled down to "everything stays on your phone. I don't collect your data, I don't want your data, I don't even have a backend server that could be collecting your data. If you find my app sending telemetry of any kind, please tell me immediately because that should not be happening"
That being said, this doesn't exactly inspire confidence
I've published a simillar app to the play store (a calculator for keeping track of your stats in a game) and it got denied because it had no privacy policy, and I had to add one. Maybe that's why they need to include it?
My Xiaomi Redmi 11 keeps telling me the Calculator can't use the network (why?) and keeps asking me to accept the privacy policy.
Also the app wallpaper - the one that changes the locked screen background image (important complex stuff /s) - also keeps asking me to accept the privacy policy.
And, as far as my reading of the policy goes, these privacy policies are just the one, it's not a different one for each app.
They are just promising not to share with the government or any private entity that you are the idiot who had to use a calculator to find half of 17, just in case you were worried about someone finding out.