The privacy policy of my static page - http://www.jobzal.com/p/privacy-policy.html contains around 1674 words.
The problem is the content is not displaying fully. Instead, it is showing only the snippet with 43 words that actually appears similar to the home page and the index pages.
I think few edits should be made on the main HTML/theme page.
How to diagnose this problem?
You need to show post body instead of post snippet on static pages so according to your code below search for this :
<b:if cond='data:blog.pageType == "item"'>
<data:post.body/>
<b:else/>
And replace it with :
<b:if cond='data:blog.pageType in {"item","static_page"}'>
<data:post.body/>
<b:else/>